500 Mineral Spg Ave Pawtucket, RI 02860-3502
This exceptional 1.84-acre commercial property, located at 500 Mineral Spring Avenue in Pawtucket, Rhode Island, presents a remarkable investment opportunity. Boasting 1,330 square feet of existing building space, the property offers significant potential for diverse uses, including self-storage, retail, commercial condos, office space, medical facilities, or affordable housing. Its prime location on Rhode Island Route 15 ensures excellent visibility and accessibility, with convenient access to Route 95 North and South, providing easy commutes for employees and customers. The property benefits from a double egress, enhancing functionality and convenience. Pawtucket's revitalization is underway, featuring a new commuter rail station and the upcoming construction of a soccer stadium, promising increased foot traffic and economic growth in the area. The property's proximity to Boston, Massachusetts, less than an hour away via commuter rail, further enhances its appeal. The property includes lots and plats (52) 384, 385, 386, 387, 388, 428 and (51) 002, 174, 213, providing ample space for development and expansion. This is a rare chance to acquire a strategically located property in a rapidly developing area with limitless possibilities. The asking price is $2,350,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
MO · Pawtucket, RIPawtucket. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.