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0 Withheld

Central Falls, RI 02863
  • $1,600,000
  • STATUS: Active
  • MLS #: 72995494
UPDATED: 21 min ago
$1,600,000
  • 0
    BEDS
  • 0.32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,200
    SQFT
  • $174
    $/SQFT
Neighborhood:
Type:
Commercial-Lease
Built:
1900
County:
Area:

School Ratings & Info

Listing courtesy of Joseph Mccarthy of August Associates, Llc.

Description

If you've dreamed of owning your own restaurant with a steady stream of income this maybe your opportunity. Landmark, building erected in the 1930's By Scholes, a local business merchant and developer. In 1939 it became the home to Adams Drug Store a staple to the neighborhood until its sale in the mid 1980's. This property has always supported the community and now you can own this major piece of history. In 2019 the property under when the start of a major rehabilitation. Transforming a deteriorating landmark. Into a thriving venue for all to enjoy. Opening its doors in July of 2021, with a seating capacity for 160 guest makes this one of the largest venues in the neighborhood. A place to meet locals and from other communities, for food, drink and entertainment. Host a private event or become a frequent guest. Phase 1 is complete. Now it's up to you for phase 2. The second level consists of 4600 sf.ft. Ready for the development of 5 to 6 residential apartments. Ask about Tax Credit

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-06-30T11:10:22.77.
www.thehometownexperts.com/homes/129678816
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0 Withheld Central Falls, RI 02863

  • Price: $1,600,000
  • Status: Active
  • On Site: Days
  • Updated: 21 min ago
  • MLS #: 72995494
0
Beds
0
Baths
0
½ Baths
0.32
Acres
9,200
SQFT
$174
$/SQFT
1900
Built
Neighborhood:
Other
County:
Providence
Area:
Other
Property Description
If you've dreamed of owning your own restaurant with a steady stream of income this maybe your opportunity. Landmark, building erected in the 1930's By Scholes, a local business merchant and developer. In 1939 it became the home to Adams Drug Store a staple to the neighborhood until its sale in the mid 1980's. This property has always supported the community and now you can own this major piece of history. In 2019 the property under when the start of a major rehabilitation. Transforming a deteriorating landmark. Into a thriving venue for all to enjoy. Opening its doors in July of 2021, with a seating capacity for 160 guest makes this one of the largest venues in the neighborhood. A place to meet locals and from other communities, for food, drink and entertainment. Host a private event or become a frequent guest. Phase 1 is complete. Now it's up to you for phase 2. The second level consists of 4600 sf.ft. Ready for the development of 5 to 6 residential apartments. Ask about Tax Credit
Exterior Features

Construction Brick Driving Doors 0 Loading Docks 0 Location UrbanFree StandingHighway AccessPublic TransportationCentral Business DistrictInterior Lot Parking Features 11-20 SpacesPaved DrivewayOn Site Parking Spaces 20 Railroad Siding No Roof Material Membrane Site Condition SlopeImproved Stories 1 Underground Tank No

Interior Features

Ceiling Height 12 Elevator No Maf Building Sq Ft 0.00 Ref Building Sq Ft 4600.00 Restrooms 2 Rsf Building Sq Ft 4600.00 Sprinklers Yes Total Building Sq Ft 9200.00 Waf Building Sq Ft 0.00

Property Features

Assessed Value Building 285800.00 Assessed Value Land 186300.00 Assessed Value Total 472100.00 Commercial Industrial Type Commercial Disclosure No Disclosures Possible Residential Units Allowed. Tax Credit By 2024 Easements No Exchange Yes Handicap Access Yes Lease Yes Lease Price Includes Not Applicable Lease Type Triple Net Lease (Nnn) Lender Owned No Lien And Encumbent No Lot 80302 Mau Units 0 Ofu Units 0 On File21 E No Plat Plan Yes Reu Units 1 Rsu Units 5 Short Sale Lender App Required No Space Available For Sale Sublet Yes Tax Year 2021 Taxes 16500.00 Total Units 6 Utilities Public WaterPublic SewerNatural GasThree Phase Wau Units 0 Year Built Source Pr Zone Description Legal Conforming Zoning C-2

Listing information © 2022 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Joseph Mccarthy of August Associates, Llc.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-06-30T11:10:22.77.
 
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2081 Diamond Hill Rd
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Listing courtesy of Joseph Mccarthy of August Associates, Llc.