198-200 Cross Street, Central Falls, RI

$750,000

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5,296

Square feet

0.11

Acres

About 198-200 Cross Street

This property boasts a cap rate of over 10%, making it a true gem for savvy investors. Featuring six units on a single lot, it includes five meticulously maintained residential units, each with two spacious bedrooms, freshly painted interiors, refinished flooring, modern bathrooms, and Navien heating systems. Each unit has its own circuit breaker for added convenience, and a newly installed, fully coded fire alarm system ensures safety.The property also includes a fully operational bar, generating over $56K in net income. The bar comes with licenses, inventory, stylish furniture, television, and a robust security system—ideal for a restaurant, bar, or lounge.Located close to downtown, with easy access to I-95 and the Pawtucket/Central Falls Station, this property is also conveniently near Providence and Boston. With room for rent growth, this mixed-use building is an attractive proposition for discerning investors. Don’t miss out on this remarkable investment treasure!

Features of 198-200 Cross Street

MLS® # 73176766
Price $750,000
Bathrooms 0.00
Square Footage 5,296
Acres 0.11
Year Built 1900
Type Commercial Sale
Status Active

Community Information

Address 198-200 Cross Street
City Central Falls
County Providence
State RI
Zip Code 02863

Amenities

Utilities Public Water, Public Sewer, Natural Gas Available, 110 Volts
Is Waterfront No
Has Pool No

Interior

Fireplace No

Exterior

Roof Rubber

Additional Information

Zoning M-1

Listing Details

Agent Alexander Parmenidez
Office Coldwell Banker Realty
Buyer Agent Compensation 2%
Buyer Agent Compensation Type %
Facilitator Compensation 1%
Facilitator Compensation Type %

Listing Map

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