222 High StPawtucket, RI 02860

Property Details for 222 High St

Year built

1911

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.24 AC

Property size (Sq ft)

10,440 SF

Zone code

RM

Property type

Other commercial real estate

Property subtype

Showrooms

APN

PAWT M:43 L:0537

APU

PAWTM43L0537

Description

This exceptional commercial property, situated at 222 High Street in Pawtucket, Rhode Island, presents a compelling investment opportunity. Encompassing 0.24 acres, the building offers a spacious and adaptable layout suitable for a wide range of businesses. Its modern exterior design complements the historic charm of the neighborhood, creating a visually appealing presence. Inside, high ceilings and abundant natural light from large windows contribute to a bright and inviting atmosphere. The flexible floor plan allows for easy customization to meet the specific needs of any tenant. The property benefits from its location in a mixed-use zone, opening doors to diverse business possibilities. Pawtucket's strategic location near major highways ensures excellent accessibility for both customers and employees. The vibrant community offers a wealth of nearby amenities, including restaurants, shops, and parks, fostering a lively and convenient environment. Its proximity to Providence further enhances its appeal, attracting a broader client base. A significant advantage is the secured agreement with an adjacent property owner for the lease of 30 parking spaces, addressing a crucial need for convenient parking. Given Pawtucket's ongoing revitalization and development, this property represents a potentially lucrative investment for entrepreneurs seeking to establish or expand their business in Rhode Island. The asking price is $799,900.

• CAP approach

  CAP return

  Valuation

  6%

  $2,537,284

  6.5%

  $2,342,109

  7%

  $2,174,815

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,437,508

  Geo Method

  $3,437,508

• Alternative Use

  Use

  Valuation

  Residential

  $1,975,656

  Hospitality

  $1,809,691

  Educational

  $1,505,641

  Medical

  $1,557,423

  Retail

  $2,342,109

Location Insight

City

Pawtucket

County

Providence

State

Rhode Island

Latitude

41.8816

Longitude

-71.3844

CBSA code

39300

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.