Industrial Building in Central Falls

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30570522
Property Subtypes: Flex Space, Light Industrial, Warehouse/Distribution
Status: Pending/Contingent
Building Size (RSF): 15,510 SF
Gross Land Area: 0.48 Acres
Sale Price: $275,000
Unit Price: $17.73 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Gustafson Building
Usable Size (USF): 15,510 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/30/2020

Overview / Comments

31 Conduit Street is a 15,510sf single level building on the Central Falls/Lincoln line. Building is a solid structure but does have some deferred maintenance. Mostly concrete slab floor but there is a small basement area for additional storage. Column spacing is 14'. For an affordable price, this property offers great potential for an owner/user.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $8,077 (Annual)
Tax Value Land $64,700
Tax Value Improvements $138,900
Assessed Value - Total($) $203,600 (Annual)

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: City of Central Falls
Tax ID/APN: CF 10-103
Zoning: M1
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Fair
Year Built: 1920
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Column Spacing: 14'
Heat Type: Natural Gas
Heat Source: Ceiling Units
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,896 154,336 322,327
Median Age: 32.14 37.21 37.07
Households: 8,503 61,141 126,515

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