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    23 Exchange St Pawtucket, RI 02860

    For Sale
    Contact for pricing

    55,000 SF Flex Space, Opportunity Zone

    Property size:
    55,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional redevelopment opportunity presents a 55,000 square foot, five-story building located at 23 Exchange Street in Pawtucket, Rhode Island. Originally constructed in 1920 and renovated in 1970, this Class B property offers a unique blend of industrial and mixed-use potential. The building features a prime street-level storefront, four levels of former office space, and a substantial 3,500+ square foot drive-through high-bay garage. Further enhancing its versatility, the property includes an elevator, sprinkler system, two large parking lots, and two loading docks. A large basement provides ample storage. The interior boasts open floor plans, tall ceilings, and large windows, creating a bright and spacious environment. The property is situated within an Opportunity Zone, presenting significant tax advantages for investors. This is an ideal location for adaptive reuse, offering a rare chance to transform a historic landmark into a thriving modern space. The permitted zoning allows for a wide range of possibilities.

    Property Features for 23 Exchange St

    General Information

    Property type
    Flex space
    Square Feet
    55,000 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1920/1970
    Buildings
    1
    Stories
    5

    HighLights

    • 55,000 SF, five‑story building at 23 Exchange Street, Pawtucket, RI.
    • Class B property with industrial and mixed‑use potential, built in 1920, renovated in 1970.
    • Features street‑level storefront, four floors of office space, and a 3,500+ SF drive‑through high‑bay garage.
    • Includes elevator, sprinkler system, two parking lots, two loading docks, and a large basement.
    • Open floor plans, high ceilings, large windows, located in an Opportunity Zone.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Pawtucket Times Newspaper Publisher Empyreal Ink Tattoo Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pawtucket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.385872248218
    Latitude
    41.879714064155

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    FAQs

    What type of property is this?
    Flex space - 55,000 SF Flex Space, Opportunity Zone
    Where is this flex space located?
    The property is located at 23 Exchange St Pawtucket, RI.
    What are key features of this property?
    This property features: 55,000 SF, five-story building at 23 Exchange Street, Pawtucket, RI.; Class B property with industrial and mixed-use potential, built in 1920, renovated in 1970.; Features street-level storefront, four floors of office space, and a 3,500+ SF drive-through high-bay garage.
    Request Owner's contact information
    23 Exchange St Pawtucket, RI 02860
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    Pawtucket, RI 02860
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    Realmo Value Estimation

    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.

    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.

    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
    23 Exchange St Pawtucket, RI 02860
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