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    23 Exchange St Exchange St Pawtucket, RI 00860

    • Retail properties
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 23 Exchange St Exchange St

    Year built
    1920
    Property type
    Retail properties
    Property subtype
    Mixed-use properties

    Description

    This exceptional mixed-use property, the historic Pawtucket Times Building, presents a unique investment opportunity in the heart of downtown Pawtucket, Rhode Island. Listed at $2,200,000, this five-story building boasts a substantial 27,727 square foot lot and offers a versatile layout ideal for a variety of commercial and residential uses. Built in 1920, the building features an open floor plan across its five stories, a large basement, and a convenient first-level storefront. Further enhancing its functionality are an elevator, ample large windows providing natural light, and a drive-through high-bay garage. The entire building is equipped with a sprinkler system for enhanced safety. The property also includes two convenient parking lots, ensuring ample parking for tenants and visitors. Its prime location is further enhanced by its proximity to public transportation, situated directly on a RIPTA bus line. Benefitting from the ongoing revitalization of downtown Pawtucket, the building is within walking distance of the new Pawtucket-Central Falls train station and the anticipated $124 million Tidewater Landing development, home of the Rhode Island FC soccer club. Seller financing is available. This is a rare chance to acquire a landmark building in a rapidly developing area.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pawtucket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3884
    Latitude
    41.8685
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    23 Exchange St Exchange St
    Pawtucket, RI 00860
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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
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