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167 George St Pawtucket, RI 02860

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For Sale
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122-Unit Multifamily Development, Prime Location

Property size:
30,000 SF

Property Features for 167 George St

General Information

Property type
Multifamily properties
Square Feet
30,000 SF

Building Details

Year Built
1900
Buildings
1
Stories
3
Units
122

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Listing Contact
James Luth
James Luth

Listing Agency: Here Realty LLC Listing Agent: James Luth

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

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Overview

This exceptional investment opportunity presents the Clocktower Residences, a 122-unit multifamily development in Pawtucket, Rhode Island. Priced at $8,000,000, this property comprises a renovated three-story, 30,000-40,000 square foot building situated on an 81,569 square foot lot (APN 897-54A). The existing building, formerly St. Mary's school, features 22 units with versatile floor plans, offering potential 16-foot ceilings. A fully approved expansion plan adds 100 more units, including an underground garage, on a contiguous site. This development benefits from its location in an Opportunity Zone and its inclusion in the National Register's Multiple Resource Area, opening doors to potential historical tax credits. The property enjoys a convenient location near I-95, the Pawtucket Central Falls Commuter Rail Station, the Tidewater Landing soccer stadium, and Providence's East Side. The site is environmentally clean and level, with easy access to city utilities. This is a rare chance to acquire a substantial multifamily property with significant upside potential in a rapidly growing area. The property was built in 1900 and consists of one building with three stories.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

  • Map
  • Local Demand
City
Pawtucket
County
Providence
State
Rhode Island
Longitude
-71.3882359
Latitude
41.8707545

FAQs

What type of property is this?
Multifamily property - 122-Unit Multifamily Development, Prime Location
Where is this multifamily property located?
The property is located at 167 George St Pawtucket, RI.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: Exceptional investment opportunity: 122-unit multifamily development in Pawtucket, RI, priced at $8,000,000.; Renovated three-story building (30,000-40,000 sq ft) on an 81,569 sq ft lot (APN 897-54A).; Currently 22 units with versatile floor plans, potential 16-foot ceilings; fully approved 100-unit expansion including underground garage.
(401) 649-2358 Call to check price and availability
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