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59 Foundry St 66,243 SF Industrial Building Central Falls, RI 02863 $1,850,000 ($27.93/SF)
Investment Highlights
- 66,000 Square Feet
- Open Span Building
- Lots of Parking
Executive Summary
Rare redevelopment opportunity featuring two connected mill buildings totaling approximately 66,000 square feet at 59 Foundry Street in Central Falls, RI. The property includes approximately 50 parking spaces, a clean Phase I and Phase II environmental report, and an additional lot across the street at 56 Foundry Street. The seller will vacate the property at closing, providing immediate flexibility for an owner-user, investor, or redevelopment project. Offered as-is, the buildings are in excellent overall condition and present significant value-add potential.
Conveniently located just minutes from Interstate 95, the property offers outstanding regional accessibility to Providence, Boston, and the greater Southern New England market.
Excellent Redevelopment opportunity or owner user.
Conveniently located just minutes from Interstate 95, the property offers outstanding regional accessibility to Providence, Boston, and the greater Southern New England market.
Excellent Redevelopment opportunity or owner user.
Property Facts
| Price | $1,850,000 | Rentable Building Area | 66,243 SF |
| Price Per SF | $27.93 | No. Stories | 4 |
| Sale Type | Investment or Owner User | Year Built | 1880 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | Parking Ratio | 0.3/1,000 SF |
| Building Class | B | No. Dock-High Doors/Loading | 1 |
| Lot Size | 1.46 AC | ||
| Zoning | R-3 - M-2 | ||
| Price | $1,850,000 |
| Price Per SF | $27.93 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 1.46 AC |
| Rentable Building Area | 66,243 SF |
| No. Stories | 4 |
| Year Built | 1880 |
| Tenancy | Single |
| Parking Ratio | 0.3/1,000 SF |
| No. Dock-High Doors/Loading | 1 |
| Zoning | R-3 - M-2 |
Amenities
- Fenced Lot
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- General Polymer, Inc.
- Manufacturing
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| General Polymer, Inc. | Manufacturing | - | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $676,200 | |
| Land Assessment | $281,300 | Total Assessment | $957,500 |
Property Taxes
Parcel Numbers
Land Assessment
$281,300
Improvements Assessment
$676,200
Total Assessment
$957,500
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59 Foundry St
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