Property profile

589 Pawtucket Ave Pawtucket Ave Pawtucket, RI 02860

OFF-MARKET
Retail properties & Spaces
Built 1940
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Year built 1940

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

589 Pawtucket Ave Pawtucket Ave Pawtucket, RI 02860
Pawtucket metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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