For Sale
$2,323,447
400 Broad St Central Falls, RI 02863
- Added:
- Dec 11, 2024
- Days on market:
- 132
Highlights
- Rent increases to $162,641 annually in May 2025, representing a 7% capitalization rate.
- Recently secured a five-year lease extension.
- Excellent walkability to senior living facilities.
- High-traffic corner location at the second busiest intersection in town.
- Densely populated area with over 150,000 residents within a three-mile radius and over 40,000 within one mile.
- High daily traffic count exceeding 20,000 vehicles.
Property Details for 400 Broad St
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 11,986 SF
- Class
- B
- Year Built
- 1948
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 37,462 SF
- Units
- 1
Location Insight
- City
- Central Falls
- County
- Providence
- State
- Rhode Island
- Latitude
- 41.8847188
- Longitude
- -71.3871583
Nearby Similar for Sale
FAQs
- Where is the retail property located?
- The property is located at 400 Broad St Central Falls, RI.
- What is the asking price?
- The asking price for this property is $2,323,447.
- What are key features of this property?
- This property features: Rent increases to $162,641 annually in May 2025, representing a 7% capitalization rate.; Recently secured a five-year lease extension.; Excellent walkability to senior living facilities.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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