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    589 Pawtucket Ave Pawtucket Ave Pawtucket, RI 02860

    Sponsored
    For Sale
    $599,000

    Prime Pawtucket location, auto shop ideal.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 589 Pawtucket Avenue in Pawtucket, Rhode Island, presents a unique investment opportunity. Situated on a substantial 10,434 square foot lot, this property boasts a 2,000 square foot, two-story building constructed in 1940. Currently operating as an automotive business, the property holds active licenses for auto wrecking and salvage, junk auto sales, and auto repairs, providing a strong foundation for continued operation in this established industry. The property's zoning allows for a variety of commercial uses, making it adaptable to a range of business ventures. The building's layout includes a main structure and an office space, offering flexibility for different operational needs. Located on the border of Providence's East Side (North Main Street) and Pawtucket's Oak Hill, this property benefits from high visibility and convenient access to major transportation routes. The asking price is $599,000, with seller financing exclusively available. This is a rare opportunity to acquire a well-established commercial property with significant potential in a desirable Rhode Island location. The property consists of one building and is zoned for commercial use. The zip code is 02860.

    Property Features for 589 Pawtucket Ave Pawtucket Ave

    General Information

    Property type
    Individual retail properties

    Building Details

    Year Built
    1940
    Buildings
    1
    Units
    1

    HighLights

    • Exceptional investment opportunity: 2,000 sq ft, two‑story building on a 10,434 sq ft lot in Pawtucket, RI.
    • Currently operating as an automotive business with active licenses for wrecking, salvage, sales, and repairs.
    • Zoned for a variety of commercial uses, offering flexibility for diverse businesses.
    • High‑visibility location at 589 Pawtucket Avenue, bordering Providence's East Side and Pawtucket's Oak Hill, with easy access to major transportation routes.
    • Asking price: $599,000 with seller financing. Zip code: 02860.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Pawtucket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3995484
    Latitude
    41.8577631

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    FAQs

    What type of property is this?
    Individual retail property - Prime Pawtucket location, auto shop ideal.
    Where is this individual retail property located?
    The property is located at 589 Pawtucket Ave Pawtucket Ave Pawtucket, RI.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: 2,000 sq ft, two-story building on a 10,434 sq ft lot in Pawtucket, RI.; Currently operating as an automotive business with active licenses for wrecking, salvage, sales, and repairs.; Zoned for a variety of commercial uses, offering flexibility for diverse businesses.
    Request Owner's contact information
    589 Pawtucket Ave Pawtucket Ave 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
    589 Pawtucket Ave Pawtucket Ave Pawtucket, RI 02860
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