Property summary
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
VerifiedCap rate & NOI
Current use
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Car Dealership
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Auto Parts Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CG · Pawtucket, RICommercial 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CG in Pawtucket, RI.
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Find the owner behind the property.
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