248 Pine St Pawtucket, RI 02860
- Industrial properties
- 38,156 SF
- 1.29 lot acres
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
-
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