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Property summary
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.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 6 qualifying comparable sales.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 16 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 38,156 SF
- Lot area
- 1.29 ac
- Year built
- 1900
- Stories
- 2
- APN
- PAWT M:53 L:0613
- Zoning
- MB
- Assessed value · 2023
- $372,100
- Annual tax · 2023
- $11,033
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2023
- $11,033
- Selected cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
Industrial Built-Up MB. This zone is intended for existing high-density industrial structures that are used for manufacturing and storage purposes. L. Public Open PO. This zone is intended to preserve open space recreati…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
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- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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