Back to Search

Pawtucket Flex Space Condominium

579 Weeden Street #1, Pawtucket, RI 02860

View on Map

For Sale

$325,000

New commercial condominium with flexible uses and convenient location.

Type:Commercial

Property size:

1,625 SF

Lot size:

1.59 Acres

Price / SF:

$200/SF

HighLights

Zoning allows for the widest range of uses in Pawtucket.
Brand new construction (2024) with state‑of‑the‑art features.
Up to 11,000 sq ft available for custom buildout; individual units are 1625 sq ft.
Two overhead doors (12' x 14' each) and radiant heat.
Less than one mile to Rt 95, with ample parking and area lighting.
Separate utilities, bathroom in each unit, and security system.

We can help!

Listing Contact

Frank Moreau

Learn more

For Sale

$325,000

New commercial condominium with flexible uses and convenient location.

Type:Commercial

Property size:

1,625 SF

Lot size:

1.59 Acres

Price / SF:

$200/SF

Added:: Nov 1, 2024
Days on Market:: 592
Last Refresh:: Apr 25 at 6:32 am

Property Features for 579 Weeden Street #1

General Information

Standard status: Active
Size: 1,625 SF
Lot size: 1.59 Acres
Property subtype: Commercial

Building Details

Year Built: 2024

We can help!

Listing Contact

Frank Moreau

Listing agent Frank Moreau

Listing office MGM Realty Corporation

Listing date Nov 1, 2024

Source Liongatere

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of MGM Realty Corporation

HighLights

Zoning allows for the widest range of uses in Pawtucket.
Brand new construction (2024) with state‑of‑the‑art features.
Up to 11,000 sq ft available for custom buildout; individual units are 1625 sq ft.
Two overhead doors (12' x 14' each) and radiant heat.
Less than one mile to Rt 95, with ample parking and area lighting.
Separate utilities, bathroom in each unit, and security system.

Overview

This commercial condominium offers 1625 square feet of flex space, with dimensions of 30 feet wide by 50 feet deep. It is located on 1.59 acres of land. Up to 10 individual units are available, allowing for a custom buildout of up to 11,000 square feet. The property features state-of-the-art construction and radiant heat. Each unit includes two overhead doors, each measuring 12 feet by 14 feet, along with separate utilities, a bathroom, and a security system. Ample parking and area lighting are available. The zoning allows for a wide range of uses, including warehouse, industrial, small business, and flex space. Potential uses include small engine repair, electrician, plumber, computer/tech repair shop, furniture up-cycler, soap/candle maker, carpenter, and classic vehicle storage. The property is less than one mile from Route 95. Condominium documents are in place and ready to close.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$29.3k	$18.00
− Vacancy	−$3.0k	−$1.87
EGI	$26.2k	$16.13
− OpEx	−$7.9k	−$4.84
NOI	$18.3k	$11.29

1,625 SF · lease $18.00/SF/yr · vacancy 10.40% · expense 30.00%

Alternative Uses

Best Use

Retail

$262.1K

$229.3K – $305.8K (±1% cap)

NOI $18,346 @ 7.0% cap · market cap 5.64%

Second Best

Warehouse

$147.1K

$128.7K – $171.6K (±1% cap)

NOI $10,297 @ 7.0% cap · market cap 3.17%

Theoretical Best

Multifamily LT 5

$386.5K

$338.2K – $451.0K (±1% cap)

NOI $27,057 @ 7.0% cap · market cap 8.33%

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

Location Intelligence

Current Use by Public Records

AG Electric & Solar Solar Energy Company Insulation & Energy Solutions General Contractor Quick Solutions Cleaning (Bike/Boat/Book/etc) Store AG Electric LLC Electrical Service Quick Solutions Cleaning, ... Commercial Cleaning Service

Suggested Use

Similar Places Nearby

401 Gourmet Caterers — 560 Mineral Spring Ave Suite 2-122, Pawtucket, RI 02860
Ming's Asian Street Food — 560 Mineral Spring Ave Unit 2114, Pawtucket, RI 02860
Sarcastic Sweets — 560 Mineral Spring Ave SUITE 2117, Pawtucket, RI 02860
JA PATTY RI — 560 Mineral Spring Ave #2136, Pawtucket, RI 02860

Location Insight

Map
Local Demand

City: Pawtucket
County: Providence
State: Rhode Island
Longitude: -71.4076947
Latitude: 41.877903

Nearby Similar for Sale

$850,000

4,284 SF

Pawtucket Commercial Property For Sale

Commercial property with long-term tenant and stable income.

176 Columbus Avenue, Pawtucket, RI 02860

View Details
$2,500,000

24,000 SF

Pawtucket Commercial Property with Steeple

Five-level, 24,000 SF special use/religious property for sale.

91 Cottage Street, Pawtucket, RI 02860

View Details
$650,000

1,200 SF

Established Liquor Store Business Opportunity

Turn-key liquor store with high traffic and established customer base.

551 Smithfield Avenue, Pawtucket, RI 02860

View Details
$2,000,000

7,223 SF

Pawtucket Multifamily Development Opportunity

22-unit development site near transportation and amenities.

167 George Street, Pawtucket, RI 02860

View Details
$975,000

4,968 SF

Renovated Mixed-Use Quadplex with Office

Four-unit mixed-use property with a fully accessible medical office and updated residential units, plus basement storage.

460 Smithfield Avenue, Pawtucket, RI 02860

View Details
$540,000

3,395 SF

Well-Updated 2-Family Duplex

Two renovated 3-bedroom units with separate gas systems and a fully paved backyard for low-maintenance living.

41 Utton Avenue, Pawtucket, RI 02860

View Details
$650,000

6,427 SF

Pawtucket Commercial Investment Opportunity

Four-unit commercial property in high-traffic Pawtucket location.

33 Summer Street, Pawtucket, RI 02860

View Details
$625,000

4,084 SF

Triplex with Off-Street Parking

Updated flooring throughout with off-street parking and basement space, offering rental income and owner-occupant flexibility.

453 Central Avenue, Pawtucket, RI 02861

View Details
$3,200,000

78,000 SF

Pawtucket Commercial Warehouse/Mill Opportunity

Large commercial warehouse/mill property in Pawtucket, Rhode Island.

120 Webster Street, Pawtucket, RI 02861

View Details
$2,000,000

28,442 SF

Approved 22-Unit Development Site

22-unit development site in opportunity zone, close to amenities.

167 George Street, Pawtucket, RI 02860

View Details
$850,000

Pawtucket Corner Restaurant/Lounge Opportunity

Fully built-out restaurant, lounge, and hookah bar for sale.

110 School Street, Pawtucket, RI 02860

View Details
$599,900

2,261 SF

Updated Multi-Family Property with Renovated Units

Renovated 2nd and 3rd floor units and refreshed major systems support a turnkey multi-family ownership profile.

163 Park Street, Pawtucket, RI 02860

View Details

For sale
Flex space
RI
Pawtucket
02860
579 Weeden Street #1

What type of property is this?

Flex space - New commercial condominium with flexible uses and convenient location.

Where is this flex space located?

The property is located at 579 Weeden Street #1 Pawtucket, RI.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: Zoning allows for the widest range of uses in Pawtucket.; **Brand new construction (2024) with state‑of‑the‑art features.**; Up to 11,000 sq ft available for custom buildout; individual units are 1625 sq ft.