Pawtucket, Rhode Island, offers a unique opportunity for investors to capitalize on the city's diverse economy and rich history. Shopping centers in Pawtucket are a sound investment, providing a stable source of income and potential for long-term growth. These properties can represent a range of investment opportunities, from retail and commercial spaces to mixed-use developments. With its strategic location near Providence and Boston, Pawtucket attracts a diverse range of businesses, including toy and game manufacturing, healthcare, and retail. The city's infrastructure, including Interstate 95 and U.S. 1, makes it an attractive location for businesses and residents alike. Additionally, Pawtucket is home to several notable institutions, such as Hasbro and St. Raphael Academy, which contribute to the city's economic and cultural vitality. Visitors to Pawtucket can enjoy attractions like McCoy Stadium, home of the Pawtucket Red Sox, and the upcoming Rhode Island FC soccer team.
Pawtucket's shopping centers offer a range of amenities and services, from retail and dining options to entertainment and recreational activities. With 1 shopping centers available for sale, investors have a variety of options to choose from. The average price per square foot for shopping centers in Pawtucket is $148 USD, with an average size of 75,847 square feet. The largest shopping center available for sale is 75,847 square feet. In addition to shopping centers, Pawtucket also offers a range of other property types, including restaurants, specialty properties, land, and office properties. Restaurants in Pawtucket can be found in a variety of neighborhoods, including Downtown and the Quality Hill section. Specialty properties, such as the historic Lorraine Mills, offer unique opportunities for businesses and investors. Land for sale in Pawtucket can be used for a range of purposes, from residential development to commercial projects. Office properties in Pawtucket are home to a range of businesses, including healthcare and insurance companies. With its diverse economy and rich history, Pawtucket is an attractive location for businesses and investors alike.
What is the average cap rate for shopping centers in Pawtucket?
For investors seeking shopping centers in Pawtucket, the average cap rate is 7.25%, which can provide a promising return on investment in this city with a population of around 80,000, situated near Providence and with access to major highways like Interstate 95 and U.S. 1.
