Pawtucket, Rhode Island, offers a unique opportunity for investors to capitalize on the city's diverse economy and rich history. With 7 office properties for sale, investors can choose from a range of options to suit their needs. Office properties in Pawtucket can represent a variety of investments, from small, single-tenant buildings to larger, multi-tenant complexes. The city's mix of industries, including textiles, jewelry, and toy manufacturing, provides a stable foundation for office space demand. Additionally, Pawtucket's proximity to Providence and its access to major highways make it an attractive location for businesses. The city's amenities, such as Slater Memorial Park and the Downtown Circulator, also contribute to its appeal. Furthermore, the presence of notable companies like Hasbro and Fox Point Pickles demonstrates the city's ability to support a range of industries. The city's educational institutions, including Charles E. Shea Senior High School and St. Raphael Academy, also make it an attractive location for businesses and families alike.
Pawtucket's office properties are situated in a city with a rich history and a diverse economy. The city's infrastructure, including the Pawtucket/Central Falls station on the MBTA Commuter Rail Providence/Stoughton Line, provides easy access to Boston and other nearby cities. In addition to office properties, Pawtucket also offers a range of other commercial properties, including commercial real estate, apartment buildings, shopping centers, and hotels. For example, the city's commercial real estate market includes properties like the Lorraine Mills, a repurposed mill building that houses Mixed Magic Theatre and other businesses. Apartment buildings, such as those found in the Quality Hill section, offer a range of housing options for residents. Shopping centers, like the ones found along the Seekonk River, provide a variety of retail options. Hotels, such as those near the Pawtucket Red Sox's McCoy Stadium, cater to visitors and business travelers. Overall, Pawtucket's diverse range of properties makes it an attractive location for investors and businesses alike.
What is the average price per square foot for office properties in Pawtucket?
The average price per square foot for office properties in Pawtucket is $110 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Pawtucket, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed decision.
- Class A office properties are typically high-rise buildings with modern amenities, high-quality finishes, and prime locations, often attracting top-tier tenants and commanding higher rental rates.
- Class B office properties offer functional space with average amenities and finishes, suitable for a wide range of tenants, and are often priced lower than Class A properties.
- Class C office properties are typically older buildings with fewer amenities and lower-quality finishes, often requiring renovation or redevelopment, and are usually priced lower than Class B properties.
