222 High St Pawtucket, RI 02860-2116
Property summary
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.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
Residential Multifamily RM. This zone is intended to continue single-household and multihousehold dwellings of specified density and building height in those areas where such development is prevalent. E. Residential Elev…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
RM · Pawtucket, RIResidential Multifamily RM. This zone is intended to continue single-household and multihousehold dwellings of specified density and building height in those areas where such development is prevalent. E. Residential Elev…
Zoning
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Zoning designation
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The district profile from the municipal source: what is on file for RM in Pawtucket, RI.
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