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23 Exchange St
Pawtucket, RI 02860

Pawtucket Times Building · Residential Property For Sale · 5 Units

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Investment Highlights

Located in High Growth Area of Pawtucket RI
Building is Primed for Redevelopment

Within Walking Distance to New Train Station- Easy Access to Boston
Minutes to I-95

Executive Summary

Regal Commercial Real Estate is pleased to present exclusively for sale the historic Pawtucket Times Building located in the heart of downtown Pawtucket RI. The city of Pawtucket is witnessing significant redevelopment in this direct area due to the new Pawtucket- Central Falls train station being located within walking distance and the anticipated $124 Million Tidewater Landing development that will be the home of Rhode Island FC soccer club. Building contains five floors (Open Floorplan), large basement, first level storefront, elevator, large windows, drive through high bay garage and sprinklered throughout. Property includes two parking lots and located on RIPTA bus line. Seller Financing Available

PROPERTY FACTS

Price Per Unit	£352,660	Lot Size	0.64 AC
Sale Type	Investment	Building Size	32,672 SF
Sale Conditions	Deferred Maintenance Development Sale	Average Occupancy	0%
No. Units	5	Number of Floors	5
Property Type	Residential	Year Built	1920
Property Subtype	Apartment Multifamily Dormitory	Parking Ratio	0.92/1,000 SF
Apartment Style	Mid Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C

Price Per Unit	£352,660
Sale Type	Investment
Sale Conditions	Deferred Maintenance Development Sale
No. Units	5
Property Type	Residential
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Mid Rise
Building Class	C
Lot Size	0.64 AC
Building Size	32,672 SF
Average Occupancy	0%
Number of Floors	5
Year Built	1920
Parking Ratio	0.92/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

Air Conditioning
Heating

Kitchen
Refrigerator

Oven

Tub/Shower

Site Amenities

Storage Space

PROPERTY TAXES

Parcel Number	PAWT-000043-000000-000630	Improvements Assessment	£316,673
Land Assessment	£156,052	Total Assessment	£472,725

PROPERTY TAXES

Parcel Number

PAWT-000043-000000-000630

Land Assessment

£156,052

Improvements Assessment

£316,673

Total Assessment

£472,725

zoning

Zoning Code	CD (Commercial)
CD (Commercial)

Listing ID: 29761994
Date on Market: 11/10/2023
Last Updated:
Address: 23 Exchange St, Pawtucket, RI 02860

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