1174 Douglas Ave - Auto Repair FOR SALE


North Providence, RI 02904
$979,900 USD
401-480-8990
1174 Douglas Ave, North Providence, RI for Sale
$979,900 USD
Auto Repair - FOR SALE
1/11
null | 8.9% Cap Rate

1174 Douglas Ave
North Providence, RI 02904


HIGHLIGHTS

  • Dealer, salvage, towing, mechanic and autobody licenses active
  • Potential for partial residential financing
  • Vast inventory of parts and equipment

OVERVIEW

Rare opportunity to acquire a unique commercial and residential property in North Providence, Rhode Island. This property is a must-see for any savvy investor looking for a lucrative return. Located at 1174 Douglas Avenue, this property is comprised of a 7,700 square foot Autobody shop/mechanic garage and a 2-unit multi-family residence situated on two abutting lots. The shop is fully equipped with all the necessary tools and equipment, including 2 lifts inside, one outdoor lift, two flatbed trucks, two forklifts, one 8000lb long forklift and a whole host of parts inventory (excluding used resale dealer cars). The security camera system is operational. Autobody, mechanic, towing, salvage and dealer licenses are all active. This is a turnkey business ready to be taken over by an ambitious entrepreneur. The multi-family residence features two separate units, each with its own entrance and all utilities are separate. Currently, the two units generate rental income of $1,100 and $900 per month, respectively, leaving room for tremendous upside. These units are perfect for tenants looking for comfortable living spaces within close proximity to their workplace. Overall, this property presents a fantastic opportunity for a wide range of investors, from entrepreneurs looking to start their own business, to those looking to invest in a stable income-generating asset. Don't miss out on this unique opportunity to acquire a property that will provide a consistent stream of income.

FOR SALE DETAILS

PRICE

$979,900 USD

PRICE/SF

$108 USD /SF

CAP RATE

8.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Auto Dealership, Service, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,143 SF

ZONING

I2

APN/PARCEL ID

NPRO-000006-000000-000350

ASK ABOUT THIS PROPERTY

Pete DufresneSpectrum Real Estate Consultants / Keller WilliamsMore Info
401-480-8990

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Pete DufresneSpectrum Real Estate Consultants / Keller WilliamsMore Info
401-480-8990

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.