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$900,000
28 Days Online

198 Cross Street
Central Falls, RI 02863

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths
5,293
SqFt
$170
/SqFt
1900
Built
Subdivision:
Central Falls Train Station
County:
Providence
Listing courtesy of Alexander Parmenidez of Coldwell Banker Realty 401-351-2017
Call Now: (401) 426-4778
Is this the home for you? We can help make it yours.
(401) 426-4778
198 Cross Street198 Cross Street198 Cross Street198 Cross Street
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A STONE AWAY FROM BOSTON!! ATTENTION ALL ENTREPRENEURS AND INVESTORS. Nestled in the city's heart lies a remarkable investment treasure: SIX UNITS on a single lot. Each of these five residential spaces radiates meticulous care, featuring two ample bedrooms adorned with fresh paint, refinished flooring, a cutting-edge Navient heating system, and modern bathrooms. Every unit is thoughtfully equipped with its distinct circuit breaker, seamlessly blending individuality and convenience. A newer, fully coded fire alarm system ensures the safety of all inhabitants, pointing to a promising cap rate of 8.5%. Further enhancing this property's allure is the FULLY OPERATIONAL BAR. This ready-to-use establishment boasts essential licenses, an extensive inventory, posh furniture, a television, and a robust security system. For visionaries dreaming of a thriving restaurant, bar, or lounge venture, this place is rife with promise. Essential equipment and furniture stand at the ready. Location is paramount, and this property doesn't disappoint. Proximity to downtown, effortless access to I-95, and closeness to the Pawtucket/Central Falls Station mark it as an investment hotspot. Moreover, critical destinations like Providence and Boston are within comfortable reach. In essence, this mixed-use edifice is a rare blend of residential elegance and commercial opportunity, inviting discerning investors to harness its immense potential.

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Listing Snapshot
Price 
$900,000
Days Online 
28 Days
Bedrooms 
N/A
Inside Area (SqFt) 
5,293 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
5,000 Acres
Year Built 
1900
MLS Number 
1346490
Status 
Active
Property Tax 
$5,216
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS
4 weeks agoListing first seen online
General Features
Construction 
Frame
Parking Spaces 
0
Sewer 
Public Sewer
Electric 
100 Amp Service
Basement 
Full
Number of Stories 
3Three Or More
Water 
Public
Utilities 
Cable AvailableElectricity AvailableNatural Gas AvailableNatural Gas ConnectedSewer Connected
Foundation 
Stone
Zoning 
M-1
Interior Features
Heating 
Forced AirGasHot Water
Furnished? 
Unfurnished
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Community Features
Community Features 
Highway AccessNear HospitalNear SchoolsPublic TransportationRecreation AreaRestaurantShoppingHigh Traffic LocationStreet LightsSidewalks
Listing courtesy of Alexander Parmenidez of Coldwell Banker Realty 401-351-2017



Listing information is provided by Participants of the State-Wide MLS of Rhode Island, Inc. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2023, State-Wide MLS of Rhode Island, Inc.
Data last updated at: 2023-12-01 06:40 AM UTC

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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