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Property profile & analytics

248 Pine St Pawtucket, RI 02860

  • Industrial properties
  • 38,156 SF
  • 1.29 lot acres
Value Estimation
Last Sale
Jan 04, 2022
$250,000
Location Intelligence
Property ID
US76-0215618
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Summit Manufacturing Corporation / Manufacturer / Anodizing Service

Property Details for 248 Pine St

Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.29 lot acres
Property size
38,156 SF
Zone code
MB
Property type
Industrial properties
APN
PAWT M:53 L:0613
APU
PAWTM53L0613

Description

This expansive industrial mill building, situated on a sizable 1.29-acre lot at 248 Pine Street in Pawtucket, Rhode Island, presents a unique investment opportunity. Boasting over 38,000 square feet of space spread across two stories, this property offers significant potential for a variety of uses. Its previous use as a manufacturing and distribution facility highlights its robust infrastructure. Key features include heavy electrical service, a freight elevator for efficient material handling, a ground-level overhead door for easy access, a convenient loading dock, a comprehensive sprinkler system for fire safety, and a fenced parking area for secure vehicle storage. The building's location next to the new Pawtucket/Central Falls Train Station provides excellent accessibility and transportation links. Zoned for commercial use within the city of Pawtucket, this property is well-suited for a range of adaptive reuse projects. The seller is offering financing options, making this an even more attractive proposition for prospective buyers. This substantial property offers a rare chance to acquire a large-scale industrial building in a prime location with significant development potential. The existing infrastructure and convenient location make it an ideal candidate for redevelopment or continued use as a manufacturing or distribution center. Serious inquiries are encouraged.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $270,000
  • CAP approach

    CAP return
    Estimation
    6%
    $210,000
    6.5%
    $225,000
    7%
    $255,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $205,000
    Geo Method
    $195,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $260,000
    Retail
    $235,000
    Mixed-Use
    $200,000
    Hospitality
    $205,000
    Educational
    $240,000
    Residential Income
    $260,000
    Energy
    $255,000
    Income-Based Land
    $240,000
    Food Service
    $250,000

Location Insight

  • Map
  • Local Demand
City
Pawtucket
County
Providence
State
Rhode Island
Longitude
-71.391
Latitude
41.877
CBSA code
39300
CBSA name
PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,033
$133,400
$238,700
$372,100
-
$0.00
$0.00
$0.00
More about this property
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