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Executive Summary
535 Pawtucket Avenue offers investors the rare opportunity to acquire a significant redevelopment asset within a rapidly evolving urban corridor. Located between Downtown Pawtucket and Providence, the property is surrounded by a growing mix of residential, commercial, and cultural investment that continues to reshape the market. Its strategic location, substantial footprint, and redevelopment potential position the asset to benefit from longterm demographic, housing, and economic trends driving investment throughout the Greater Providence region.
535 Pawtucket Avenue presents a unique opportunity to acquire a historic mill property totaling approximately 115,034 SF, together with a separate 25,200 SF parking lot providing 72 parking spaces. Constructed in 1900, the property offers the scale, character, and flexibility sought by investors and developers pursuing adaptive reuse, redevelopment, or long-term value-add strategies. Its substantial footprint, dedicated parking, and prominent urban location create a compelling opportunity to reimagine a landmark asset within one of Rhode Island's evolving urban markets
535 Pawtucket Avenue presents a unique opportunity to acquire a historic mill property totaling approximately 115,034 SF, together with a separate 25,200 SF parking lot providing 72 parking spaces. Constructed in 1900, the property offers the scale, character, and flexibility sought by investors and developers pursuing adaptive reuse, redevelopment, or long-term value-add strategies. Its substantial footprint, dedicated parking, and prominent urban location create a compelling opportunity to reimagine a landmark asset within one of Rhode Island's evolving urban markets
Property Facts
| Price | $3,250,000 | Lot Size | 1.62 AC |
| Price Per SF | $28.25 | Rentable Building Area | 115,034 SF |
| Sale Type | Investment or Owner User | No. Stories | 3 |
| Property Type | Industrial | Year Built | 1900 |
| Property Subtype | Manufacturing | Parking Ratio | 1.02/1,000 SF |
| Building Class | C | No. Dock-High Doors/Loading | 4 |
| Zoning | MO | ||
| Price | $3,250,000 |
| Price Per SF | $28.25 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 1.62 AC |
| Rentable Building Area | 115,034 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 1.02/1,000 SF |
| No. Dock-High Doors/Loading | 4 |
| Zoning | MO |
Amenities
- Bus Line
- Controlled Access
- Security System
- Signage
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | PAWT-000063-000000-000605 | Improvements Assessment | $1,503,600 |
| Land Assessment | $343,900 | Total Assessment | $1,847,500 |
Property Taxes
Parcel Number
PAWT-000063-000000-000605
Land Assessment
$343,900
Improvements Assessment
$1,503,600
Total Assessment
$1,847,500
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