500 Mineral Spring Ave Pawtucket, RI 02860
- Showrooms
- 1,330 SF
- 0.67 lot acres
Current Use by Public Records
- Showrooms
Property Details for 500 Mineral Spring Ave
- Year built
- 1920
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.67 lot acres
- Property size
- 1,330 SF
- Zone code
- MO
- Property type
- Showrooms
- APN
- PAWT M:51 L:0174
- APU
- PAWTM51L0174
Description
This exceptional 1.84-acre commercial property, located at 500 Mineral Spring Avenue in Pawtucket, Rhode Island, presents a remarkable investment opportunity. Boasting 1,330 square feet of existing building space, the property offers significant potential for diverse uses, including self-storage, retail, commercial condos, office space, medical facilities, or affordable housing. Its prime location on Rhode Island Route 15 ensures excellent visibility and accessibility, with convenient access to Route 95 North and South, providing easy commutes for employees and customers. The property benefits from a double egress, enhancing functionality and convenience. Pawtucket's revitalization is underway, featuring a new commuter rail station and the upcoming construction of a soccer stadium, promising increased foot traffic and economic growth in the area. The property's proximity to Boston, Massachusetts, less than an hour away via commuter rail, further enhances its appeal. The property includes lots and plats (52) 384, 385, 386, 387, 388, 428 and (51) 002, 174, 213, providing ample space for development and expansion. This is a rare chance to acquire a strategically located property in a rapidly developing area with limitless possibilities. The asking price is $2,350,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pawtucket
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.4045
- Latitude
- 41.8726
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
