Property profile

589 Pawtucket Ave Pawtucket, RI 02860

OFF-MARKET
Showrooms
Property ID
US76-0161649
1,314 SF 0.24 ac lot Built 1940
Individually Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

This 2,000 square foot commercial building, situated on a 0.24-acre lot (10,434 square feet), presents a unique investment opportunity in Pawtucket, Rhode Island. Located at 589 Pawtucket Avenue, this property enjoys a strategic position bordering the East Side of Providence (near North Main Street) and Oak Hill. The building, constructed in 1940, is a two-story structure currently operating as an automotive business. Existing licenses for auto wrecking, salvage, junk auto sales, and repairs are in place, offering immediate operational potential for a buyer continuing in this sector. The property's size and existing infrastructure provide ample space for various automotive-related activities or potential redevelopment for other commercial uses, subject to local zoning regulations. The building's age suggests potential for renovation or modernization to enhance its functionality and aesthetic appeal. This property is being offered with seller financing only, providing a flexible acquisition option for qualified buyers. The address is 589 Pawtucket Avenue, Pawtucket, RI. Serious inquiries only.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1940
Construction FRAME
Total area 1,314 SF
Lot 0.24 ac (10,434 SF)
Zoning code CG
APN PAWT M:62 L:0315
UPID US76-0161649

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
  • Car Dealership
  • Auto Parts Store

Location

589 Pawtucket Ave Pawtucket, RI 02860-6060
Pawtucket metro Census 16400 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2010
1 recorded transaction
2010
$1

Zoning & alternative use

CG · Pawtucket, RI
Zoning description

Commercial General CG. This zone is intended for commercial areas that serve City-wide needs for retail, services and professional office establishments. I. Commercial Downtown CD. This zone is intended to enhance and re…

General category COMMERCIAL

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
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