92 Pleasant StPawtucket, RI 02860

Property Details for 92 Pleasant St

Year built

1817

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.12 AC

Property size (Sq ft)

12,780 SF

Zone code

CD

Property type

Showrooms

APN

PAWT M:53 L:0614

APU

PAWTM53L0614

Description

This exceptional commercial property at 92 Pleasant Street, Pawtucket, RI, presents a unique investment opportunity. The WM K Toole Building boasts a substantial 17,040 square feet of space, distributed across four floors, each offering over 4,000 square feet of versatile area. Situated on a 0.31-acre lot, the building benefits from prominent frontage on both Pleasant Street and Taft Street, ensuring maximum visibility and accessibility. Its strategic location offers unparalleled exposure to significant highway traffic, making it ideal for a wide range of commercial ventures. The building is equipped with a newly installed fire alarm system, enhancing safety and security. Two convenient overhead doors facilitate easy loading and unloading, while ample parking is available on the property. This property is perfectly suited for developers seeking a prime location for a new project, businesses looking for owner-occupancy, or a combination of both uses. The building's size and location make it an attractive prospect for a variety of commercial enterprises seeking to establish or expand their operations in a high-traffic area. The asking price is $795,000.

• CAP approach

  CAP return

  Valuation

  6%

  $3,105,986

  6.5%

  $2,867,064

  7%

  $2,662,274

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,207,984

  Geo Method

  $4,207,984

• Alternative Use

  Use

  Valuation

  Residential

  $2,418,476

  Hospitality

  $2,215,311

  Educational

  $1,843,113

  Medical

  $1,906,500

  Retail

  $2,867,064

Location Insight

City

Pawtucket

County

Providence

State

Rhode Island

Latitude

41.8739

Longitude

-71.3851

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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