111 High StPawtucket, RI 02860

Property Details for 111 High St

Year built

1968

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.04 AC

Property size (Sq ft)

21,360 SF

Zone code

CD

Property type

Other commercial real estate

Property subtype

Showrooms

APN

PAWT M:43 L:0626

APU

PAWTM43L0626

Description

This exceptional 42,918-square-foot mixed-use property at 111 High Street in Pawtucket, Rhode Island, presents a unique investment opportunity. Located in Providence County's historic downtown district, this two-story building boasts a prime location with excellent access to Interstate-95. The property sits on a 1.04-acre lot and offers a versatile layout suitable for various uses, including industrial, retail, and multifamily, thanks to its CD zoning (located in an Opportunity Zone). The building features two loading docks, one oversized garage door, and ample parking (2.76 spaces per 1,000 sq ft). The interior offers expansive open areas on both levels, with ceiling heights ranging from 12 to 14 feet, providing flexibility for customization. The building is equipped with a 1200 amp heavy power supply, gas utilities, city sewer and water, and a wet life safety system. Its proximity to City Hall, the historic Slater Mill, the Blackstone River, and recent developments including a new train station and soccer stadium, further enhances its appeal. This property is ideally situated to capitalize on Pawtucket's ongoing revitalization and growth. The building's substantial size, combined with its versatile zoning and convenient location, makes it an attractive option for owner-users seeking a significant presence in a thriving urban center. The existing infrastructure, including the loading docks and high-capacity power, makes it suitable for a variety of industrial or warehouse uses. The open floor plan allows for efficient space planning and adaptation to future needs.

• CAP approach

  CAP return

  Valuation

  6%

  $5,191,226

  6.5%

  $4,791,900

  7%

  $4,449,622

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,033,062

  Geo Method

  $7,033,062

• Alternative Use

  Use

  Valuation

  Residential

  $4,042,148

  Hospitality

  $3,702,585

  Educational

  $3,080,508

  Medical

  $3,186,451

  Retail

  $4,791,900

Location Insight

City

Pawtucket

County

Providence

State

Rhode Island

Latitude

41.8795

Longitude

-71.3835

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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