For Sale
$2,350,000

500 Mineral Spring AvePawtucket, RI 02860

2.18 Acres, High-Growth Area, RI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 2.18-acre mixed-use property in Pawtucket, Rhode Island, presents a compelling investment opportunity. Located at 500 Mineral Spring Avenue (APN 500MINERALSPRINGAVPAWT), this 95,202 square foot lot boasts a prime location on Route 15, offering easy access to Route 95 North and South. The property includes a 1,330 square foot building constructed in 1920, featuring 1 unit and 10 parking spaces. Its versatile zoning allows for a wide range of development possibilities, including self-storage, retail, commercial condos, office space, medical facilities, and affordable housing. This dynamic area is experiencing significant revitalization, with the upcoming addition of a new soccer stadium and a new MBTA commuter rail station, further enhancing its appeal and potential for future growth. The property's strategic location offers convenient access to Boston, Massachusetts, within an hour's commute via commuter rail. The property consists of several lots and plats (52) 384, 385, 386, 387, 388, 428 and (51) 002, 174, 213, providing flexibility for development plans. The asking price is $2,350,000. This is a rare chance to acquire a substantial property in a rapidly developing area with immense potential for significant return on investment.

Highlights

  • $2,350,000 asking price.
  • 2.18-acre mixed-use land parcel in Pawtucket, RI.
  • 1,330 square feet, 1 building, 10 parking spaces.
  • Located on Route 15, minutes from Route 95.
  • Potential uses include self-storage, retail, commercial condos, office space, medical, and affordable housing.

Property Details for 500 Mineral Spring Ave

Property type
Retail properties, Mixed-use properties
Square Feet
1,330 SF
Year Built
1920
Buildings
1
Units
1

Location Insight

City
Pawtucket
County
Providence
State
Rhode Island
Latitude
41.8731403
Longitude
-71.4051596
500 Mineral Spring Ave, Pawtucket, Rhode Island

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500 Mineral Spring Ave
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