580 Central AvePawtucket, RI 02861

Property Details for 580 Central Ave

Year built

1930

Construction

FRAME

Lot size

0.13 AC

Property size (Sq ft)

3,036 SF

Zone code

CL

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

PAWT M:11 L:0541

APU

PAWTM11L0541

Description

This exceptional mixed-use property at 580 Central Avenue, Pawtucket, Rhode Island, presents a unique investment opportunity. Built in 1930, this impeccably maintained building sits on a 5,663 square foot lot and offers a total of 3,306 square feet of space. The property comprises one building with a vibrant retail unit generating consistent income and two residential units – a spacious two-bedroom and a cozy one-bedroom – currently fully occupied. This blend of commercial and residential spaces provides a diversified income stream and caters to a variety of tenant needs. The retail space benefits from high foot traffic, ensuring strong occupancy rates. A detached garage adds further value, offering potential for additional income or convenient storage. Ample off-street parking is available for both residents and retail customers. Located in the thriving community of Pawtucket, Providence County, RI (zip code 02861), this property is ideally situated for success. The asking price is $589,900. This mixed-use gem offers significant potential for investors seeking steady returns or homeowners looking for an income-generating property. Don't miss this chance to acquire a well-maintained, income-producing asset in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $501,942

  6.5%

  $463,331

  7%

  $430,236

• Comparable approach

  Method

  Valuation

  Relative Method

  $396,684

  Geo Method

  $396,684

• Alternative Use

  Use

  Valuation

  Residential

  $574,530

  Hospitality

  $526,266

  Educational

  $437,847

  Medical

  $452,906

  Retail

  $681,096

Location Insight

City

Pawtucket

County

Providence

State

Rhode Island

Latitude

41.8866

Longitude

-71.3608

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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