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1220 Broad St
Central Falls, RI 02863
Retail Property For Sale


INVESTMENT HIGHLIGHTS
- multiple business operate from single license
- Major Development Nearby
- Retail Auto Sales, Body Shop,Repairs, Wholesale and Rental
EXECUTIVE SUMMARY
1220 Broad Street, Central Falls, Rhode Island presents a rare generational opportunity to acquire a fully operational automotive dealership and service facility together with the underlying real estate. This long-established property has successfully operated as an auto dealership, auto body shop, auto repair facility, and vehicle rental operation, making it an ideal turnkey investment for owner-operators or strategic investors seeking an income-producing automotive asset.
The property consists of approximately 5800 square feet of improvements, including well-configured auto body and repair bays, office and administrative space, and supporting service areas. The layout is functional and efficient, designed to accommodate multiple automotive operations under one roof.
The exterior sales lot can accommodate up to 25 vehicles, providing excellent visibility and frontage along Broad Street, a heavily traveled corridor. The property benefits from its location within a neighborhood that is currently experiencing a notable renaissance, highlighted by newly constructed and rehabilitated buildings, upgraded roadways and sidewalks, and enhanced municipal lighting.
Adding to the long-term value proposition, the property is located directly across the street from a major residential development project, further strengthening traffic counts, neighborhood density, and future customer demand.
The auto dealership is being sold together with the real estate. The current owner is willing to remain during a transition period to assist with operations and license transfer, ensuring continuity and a smooth handoff.
Key Features
Approximately 12,000 SF automotive facility
Established, generational auto dealership and service business
Auto body shop and auto repair bays
Office and administrative space on-site
Second-floor unfinished storage or potential residential space
Separate entrance and dedicated parking
Sales lot capacity for up to 25 vehicles
High-visibility location on Broad Street
Situated in a revitalizing neighborhood with new infrastructure improvements
Across from a major residential development project
Real estate and business sold together
Owner willing to stay on during transition and license transfer
The property consists of approximately 5800 square feet of improvements, including well-configured auto body and repair bays, office and administrative space, and supporting service areas. The layout is functional and efficient, designed to accommodate multiple automotive operations under one roof.
The exterior sales lot can accommodate up to 25 vehicles, providing excellent visibility and frontage along Broad Street, a heavily traveled corridor. The property benefits from its location within a neighborhood that is currently experiencing a notable renaissance, highlighted by newly constructed and rehabilitated buildings, upgraded roadways and sidewalks, and enhanced municipal lighting.
Adding to the long-term value proposition, the property is located directly across the street from a major residential development project, further strengthening traffic counts, neighborhood density, and future customer demand.
The auto dealership is being sold together with the real estate. The current owner is willing to remain during a transition period to assist with operations and license transfer, ensuring continuity and a smooth handoff.
Key Features
Approximately 12,000 SF automotive facility
Established, generational auto dealership and service business
Auto body shop and auto repair bays
Office and administrative space on-site
Second-floor unfinished storage or potential residential space
Separate entrance and dedicated parking
Sales lot capacity for up to 25 vehicles
High-visibility location on Broad Street
Situated in a revitalizing neighborhood with new infrastructure improvements
Across from a major residential development project
Real estate and business sold together
Owner willing to stay on during transition and license transfer
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,740 SF
Building Class
C
Year Built
1950
Price
$1,300,000
Price Per SF
$226.48
Business Value
$650,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
11’
Building FAR
0.45
Lot Size
0.29 AC
Zoning
C-2 - C2 is a General Business application of Commercial Zoning in the City of Central Falls
Parking
9 Spaces (1.57 Spaces per 1,000 SF Leased)
Frontage
150’ on Broad
AMENITIES
- Bus Line
- Property Manager on Site
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | CENT-000003-000000-000054 | Improvements Assessment | $262,900 |
| Land Assessment | $213,800 | Total Assessment | $476,700 |
PROPERTY TAXES
Parcel Number
CENT-000003-000000-000054
Land Assessment
$213,800
Improvements Assessment
$262,900
Total Assessment
$476,700
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