Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    255 Main St Pawtucket, RI 02860

    Sponsored
    For Sale
    $1,500,000

    COMMERCIAL - Pawtucket, RI

    Lot size:
    0.10 Acres
    Days on Market:
    14
    Last Refresh:
    Jan 20 at 4:06 am

    Property Features for 255 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.10 Acres

    Building Details

    Year built
    1920
    Number of units
    2
    Building materials
    Steel

    We can help!

    Listing Contact
    Kyle Seyboth

    Century 21 Limitless (508) 726-3492 [email protected]

    Listing agent Kyle Seyboth (508) 726-3492

    Listing date Jan 7, 2026

    Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Pawtucket Mixed-Use Development Opportunity

    This mixed-use property in downtown Pawtucket presents an investment and development opportunity. The property includes a retail unit on the first floor, offering visibility and foot traffic. The retail space spans over 4,000 square feet. The remaining four floors, totaling over 17,000 square feet, are suited for conversion into 28 residential units, addressing the demand for housing in the area. This project provides a customizable space for modern living. The location offers proximity to amenities, transit options, and upcoming developments. This property is located in a developing market and is suited for investors or developers aiming to contribute to downtown Pawtucket's growth. The lot size is 0.1 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Marran III Joseph ... Attorney Moretti Perlow & Bonin Attorney Hetherington Hetherington Attorney Blue Wave Poetics ... Recording Studio Bounce Kings Rental Bouncy Castle Hire

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pawtucket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.385407
    Latitude
    41.877813

    Nearby Similar for Sale

    • $815,000
      0.16 Acres

      Pawtucket Multifamily Investment Opportunity

      Six-unit residential property near Providence's East Side.
      44 Campbell Ter, Pawtucket, RI 02860
      View Details
    • New
      $699,000
      Pending

      Pawtucket Triplex: Investment Opportunity

      Well-maintained three-family home in Pawtucket's Darlington neighborhood.
      39 John St, Pawtucket, RI 02860
      View Details
    • $535,000
      Pending

      Pawtucket Duplex in Darlington Neighborhood

      Charming duplex in a desirable location, perfect for owner-occupants.
      83 Greeley St, Pawtucket, RI 02861
      View Details
    • $679,900
      Pending

      Pawtucket Two-Family Investment Opportunity

      Move-in ready, 8-bedroom duplex near commuter rail station.
      193 Harrison St, Pawtucket, RI 02860
      View Details
    • $950,000
      0.58 Acres

      Pawtucket Commercial Property For Sale

      Commercial property with long-term tenant and passive income.
      176 Columbus Ave, Pawtucket, RI 02860
      View Details
    • $575,000
      0.06 Acres

      Pawtucket Three-Family Home for Sale

      Three-family home with renovation potential near I-95 and train station.
      76 Slater St, Pawtucket, RI 02860
      View Details
    • New
      $500,000
      0.15 Acres

      Pawtucket Two-Family Home Opportunity

      Two-family home in Darlington, Pawtucket near Slater Park and train.
      359 Williston Way, Pawtucket, RI 02861
      View Details
    • New
      $619,900
      Pending

      Spacious Three-Family Property in Pawtucket

      Three-family property in Pawtucket with modern finishes and ample parking.
      5 Borden St, Pawtucket, RI 02861
      View Details
    • $639,900
      0.25 Acres

      Pawtucket Multi-Family Home

      Well-maintained multi-family home in a prime Pawtucket location.
      314 Columbus Ave, Pawtucket, RI 02861
      View Details
    • $2,799,000
      0.39 Acres

      Approved 22-Unit Multifamily Site

      22-unit site near I-95, commuter rail, and stadium.
      167 George St, Pawtucket, RI 02860
      View Details
    • $2,799,000
      0.39 Acres

      Pawtucket Multifamily Development Opportunity

      22-unit development site near transportation and amenities.
      167 George St, Pawtucket, RI 02860
      View Details
    • $749,900
      Pending

      Pawtucket Multi-Unit Investment Opportunity

      Well-maintained three-unit home in Pawtucket, ideal for investors.
      158 Newell Ave, Pawtucket, RI 02860
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with retail and residential development potential in Pawtucket.
    Where is this mixed-use property located?
    The property is located at 255 Main St Pawtucket, RI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Prime downtown Pawtucket location with high visibility and foot traffic.; - Opportunity to develop 28 residential units to meet growing housing demand.; - Existing 4,000+ sq. ft. retail unit provides immediate income potential.
    (508) 726-3492
    Request Owner's contact information
    255 Main St Pawtucket, RI 02860
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    255 Main St
    Pawtucket, RI 02860
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    255 Main St Pawtucket, RI 02860
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kyle Seyboth
    (508) 726-3492
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.