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163 Broad St Pawtucket, RI 02860

OFF-MARKET Showrooms Google Maps
7,132 SF 0.08 ac lot Built 1926
Entity Owned 11-yr Hold ~ Est. High Equity
Estimated value (blended)
$255k
Range $230k – $281k (±10%)
Property ID US76-0420377

Property summary

AI-generated overview

This exceptional mixed-use property in Pawtucket, Rhode Island, offers a spacious 1,800+ square foot commercial unit for lease. Located at 163 Broad Street, 02860, this unit is situated within a two-story, 1926-built building on a 3,683 square foot lot. The space boasts 12-15-foot ceilings, its own restroom, separate forced hot air gas heating, and a dedicated electrical system suitable for various commercial uses. The unit also features excellent LED lighting and ample natural light from numerous windows. Convenient street parking is available, with the added benefit of proximity to downtown Pawtucket and the new interstate train station. Hot water is included in the monthly lease rate of only $1.10 per square foot. While some buildouts and equipment may be permitted, certain uses are restricted. Prohibited uses include beauty salons, restaurants, catering businesses, paint shops, machinery operations, boutiques selling women's clothing, churches, houses of prayer, and gyms. The property shares a security system and fire alarm system with the owner's adjacent unit. This presents a unique opportunity for a commercial tenant seeking a well-located, sizable space in a vibrant Rhode Island city.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1926
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,132 SF
Lot 0.08 ac (3,683 SF)
Zoning code CL
APN PAWT M:43 L:0056
UPID US76-0420377

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2015
3 recorded transactions
2022
Price N/A
2015
$250,000
2003
$192,500

Zoning & alternative use

CL · Pawtucket, RI
Zoning description

Commercial Local CL. This zone is intended for neighborhood commercial areas that primarily serve local neighborhood needs for convenience retail services and professional office establishments. H. Commercial General CG.…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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