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    Property profile & analytics

    580 Central Ave Pawtucket, RI 02861-1956

    • Investment properties
    • 3,036 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    $575,000
    Last Sale
    Feb 25, 2025
    $565,000
    Location Intelligence
    Property ID
    US76-0123728
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Harmony & Rosa / Psychic / Massage Therapist

    Property Details for 580 Central Ave

    Year built
    1930
    Construction
    FRAME
    Lot size
    0.13 lot acres
    Property size
    3,036 SF
    Zone code
    CL
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    PAWT M:11 L:0541
    APU
    PAWTM11L0541

    Description

    This exceptional mixed-use property at 580 Central Avenue, Pawtucket, Rhode Island, presents a unique investment opportunity. Built in 1930, this impeccably maintained building sits on a 5,663 square foot lot and offers a total of 3,306 square feet of space. The property comprises one building with a vibrant retail unit generating consistent income and two residential units – a spacious two-bedroom and a cozy one-bedroom – currently fully occupied. This blend of commercial and residential spaces provides a diversified income stream and caters to a variety of tenant needs. The retail space benefits from high foot traffic, ensuring strong occupancy rates. A detached garage adds further value, offering potential for additional income or convenient storage. Ample off-street parking is available for both residents and retail customers. Located in the thriving community of Pawtucket, Providence County, RI (zip code 02861), this property is ideally situated for success. The asking price is $589,900. This mixed-use gem offers significant potential for investors seeking steady returns or homeowners looking for an income-generating property. Don't miss this chance to acquire a well-maintained, income-producing asset in a desirable location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $555,000

    • CAP approach

      CAP return
      Estimation
      6%
      $565,000
      6.5%
      $645,000
      7%
      $585,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $625,000
      Geo Method
      $600,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $730,000
      Retail
      $710,000
      Mixed-Use
      $700,000
      Hospitality
      $580,000
      Educational
      $685,000
      Residential Income
      $650,000
      Energy
      $610,000
      Income-Based Land
      $600,000
      Food Service
      $570,000

    Location Insight

    • Map
    • Local Demand
    City
    Pawtucket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3608
    Latitude
    41.8866
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $70,100
    $208,900
    $279,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      440 SF

      1041 Central Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 440 SF
      1041 Central Ave, Pawtucket, RI 02861-2223
      View Details
    • Value Estimation
      $215,000
      2,912 SF

      881 Central Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,912 SF
      881 Central Ave, Pawtucket, RI 02861-2221
      View Details
    • Value Estimation
      $340,000
      4,626 SF

      793 Central Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,626 SF
      793 Central Ave, Pawtucket, RI 02861-2148
      View Details
    • Value Estimation by Request
      5,620 SF

      442 Central Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,620 SF
      442 Central Ave, Pawtucket, RI 02861-1978
      View Details
    • Value Estimation by Request
      1,956 SF

      264 Grand Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,956 SF
      264 Grand Ave, Pawtucket, RI 02861-2159
      View Details
    • Value Estimation by Request
      5,158 SF

      569 Armistice Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 5,158 SF
      569 Armistice Blvd, Pawtucket, RI 02861-2631
      View Details

    Similar Nearby for Sale

    • $750,000
      Pending

      Pawtucket Multifamily Investment Opportunity

      Six-unit building in desirable Darlington neighborhood, Pawtucket. Excellent income potential.
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    • $675,000
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      Three-unit mixed-use property with commercial space and residential apartments.
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    • $1,200,000

      Pawtucket Auto Shop - Prime Location

      Thriving Auto Business; Huge Lot; Turnkey Operation
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    • $300,000
      0.06 Acres

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    Similar Nearby for Lease

    • Contact for pricing
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    • $6,000 /Mo
      12,000 SF

      Pawtucket Warehouse Space Available

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    • Contact for pricing
      1,866 SF

      Retail Space in Cottage Street Plaza

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    580 Central Ave
    Pawtucket, RI 02861-1956
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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