Technical
Financial
Distress signals
Property profile

248 Pne St Pawtucket, RI 02860

OFF-MARKET
Industrial properties
Property ID
US76-0215618
38,156 SF 1.29 ac lot Built 1900
Entity Owned Free & Clear
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility

Location

248 Pne St Pawtucket, RI 02860-8405
Pawtucket metro Census 16100 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$590k
CAP Approach CAP
by Request
Comparable Approach Comparable
$748k
Blend (final) Blend
$270k

Owner & transaction history

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
Zoning description

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…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 248 Pne St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message