1002 Broad StCentral Falls, RI 02863
- Office properties
- 1,018 SF
Property Details for 1002 Broad St
- Year built
- 1986
- Construction
- FRAME
- Property size (Sq ft)
- 1,018 SF
- Property type
- Office properties
- APN
- CENT M:04 P:221A-7
- APU
- CENTM04P221A7
Description
This 796-square-foot office condominium unit, located at 1002 Broad Street, Unit 2, Central Falls, Rhode Island, 02863, presents a unique investment opportunity. Built in 1986, this single-story, single-unit property offers a flexible space suitable for a variety of professional uses. Currently zoned for medical and dental offices, medical laboratories, radiology or x-ray facilities, and pharmacies, the property's adaptability extends to potential conversion into a residential condominium, subject to necessary zoning approvals. The property features secured entry, providing a safe and secure environment. The asking price is $59,900. The property is being sold "As Is." The lot size is not specified. This 796 square foot space is situated in a single building on one story. The property is located in Providence County, Rhode Island. This is a prime opportunity to acquire a versatile commercial space with potential for residential conversion. The property's location in Central Falls offers convenient access to local amenities and transportation. This is a unique opportunity to acquire a property with multiple potential uses.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $190,747
- 6.5%
- $176,074
- 7%
- $163,497
-
Comparable approach
- Method
- Valuation
- Relative Method
- $133,012
- Geo Method
- $133,012
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $346,649
- Retail / Commercial
- $177,760
- Mixed-Use / Specialty
- $177,126
- Hospitality / Lodging
- $129,952
- Institutional / Educational
- $184,140
- Residential Income
- $215,443
- Multifamily
- $258,391
- Automotive / Energy
- $157,834
- Parking / Income-Based Land
- $54,466.60
- Restaurant / Food Service
- $92,124.60
- Healthcare / Senior Housing
- $181,639
Location Insight
- City
- Central Falls
- County
- Providence
- State
- Rhode Island
- Latitude
- 41.8933
- Longitude
- -71.3888
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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