167 George St Pawtucket, RI 02860
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122-Unit Multifamily Development, Prime Location
Property size:
30,000 SFProperty 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
Listing Agency: Here Realty LLC Listing Agent: James Luth
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
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
Location Insight
- Map
- Local Demand
- City
- Pawtucket
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.3882359
- Latitude
- 41.8707545
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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.