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Property profile & analytics
OFF-MARKET Estimated value $750,000
Industrial properties

248 Pne St Pawtucket, RI 02860-8405

38,156 SF 1.29 ac lot Built 1900
Entity Owned Free & Clear
Property ID
US76-0215618
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 38,156 SF
Lot 1.29 ac (56,192 SF)
Zoning code MB
APN PAWT M:53 L:0613
UPID US76-0215618
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Summit Manufacturing Corporation Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$590k
CAP Approach CAP
by Request
Comparable Approach Comparable
$748k
Blend (final) Blend
$750k
Owner & transaction history
Summit Mtg Corp
Summit Mtg Corp
since 2025
Last sale
$750,000
6 recorded transactions
2025
$28,448
2025
$750,000
2025
$25,333
2022
Price N/A
2008
$250,000
2008
$16,484
Zoning & alternative use
MB · Pawtucket, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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