23 Exchange St Exchange St Pawtucket, RI 00860
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.