91 Cottage Street

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91 Cottage Street

Pawtucket, RI 02860
Asking Price
$2.50M
Asset Type
Religious/Church Special-purpose
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The property is offered for sale at two million five hundred thousand dollars.
  • Located at 91 Cottage Street in the city of Pawtucket, Rhode Island.
  • This special-purpose asset is currently designated for religious and church facility use.
  • Pawtucket remains a key demographic and economic hub within the Providence metro area.
  • The site features substantial potential for alternative institutional or community-oriented adaptive reuse.

What's Special

Priced at $2,500,000, this special-purpose property at 91 Cottage Street presents a unique acquisition in the Pawtucket, Rhode Island market. The site is currently configured for religious and church use, situated within a region known for its dense residential neighborhoods and evolving industrial landscape. Pawtucket serves as a critical node in the Providence metropolitan area, offering established infrastructure and accessibility for regional commuters and local residents alike. Institutional assets of this size and configuration provide flexible options for investors and organizations looking for adaptive reuse potential. The facility could serve various community-oriented functions, educational institutions, or non-profit headquarters given its specific zoning suitability. Prospective buyers can leverage the proximity to major highway arteries while benefiting from the surrounding demographic density. This asset provides a functional foundation for groups seeking a dedicated space within this prominent New England submarket.

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NOI
$80,000
Cap Rate
3.20%
DSCR
0.54
Underwater
Cash-on-Cash
-9.12%
Monthly Payment
$12,368.636
Annual Cash Flow
$-68,423.631

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