Commercial at 457 Mineral Spring Avenue, Pawtucket
Commercial at 457 Mineral Spring Avenue, Pawtucket, photo 2 of 3
Commercial at 457 Mineral Spring Avenue, Pawtucket, photo 3 of 3
3 photos

$219,000

457 Mineral Spring Avenue
Pawtucket, RI 02860
Listed by Stephanie Basile
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1900

About this home

Great opportunity to build on this 5,040 SF vacant lot in a super convenient location close to the Pawtucket train station. The property already has a variance in place for a 6-family build, making it a solid option for investors or developers looking to create income-producing housing. Plans for the site include off-street parking, which is a big plus for future tenants. A number of helpful documents are included to make the process easier, including a rendering of the finished project, conceptual unit layouts, a full site plan showing the building, parking, and driveway, and the zoning certificate. The lot is currently fully fenced in. Whether you’re planning to build and hold or sell once completed, this property has a lot of the groundwork already in place to get started. Taxes based on current commercial real estate rate of $23.01/1000. If a property is built with less than 6 units, the real estate tax rate would decrease to the residential real estate tax rate of $13.15/$1000.

Property details

MLS #
1421946
Property type
Commercial
Subdivision
N/A
Status
Active
Days on market
24
On market date
August 30, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.1157 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Cunningham School
0.21 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
404
Student:teacher ratio
12.6:1
District
Pawtucket
Middle
Samuel Slater Middle School
0.21 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
697
Student:teacher ratio
13.7:1
District
Pawtucket
High
Charles E. Shea High School
1.02 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
925
Student:teacher ratio
14.7:1
District
Pawtucket

Walkability

Blended score for Pawtucket's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

84
Highly walkable
out of 100
EPA National Walkability Index
14.5 / 20 -- Above average walkable
Nearby-amenity density
100 / 100
Restaurants & cafes20
Grocery stores16
Parks13
Schools10
Transit stops20
Pharmacies6

Market position

How this listing compares to current activity in Pawtucket, from live MLS data.

On the market 24 days -- 18 fewer days than Pawtucket's current average of 42 days.
For reference, the median list price across 383 active listings in Pawtucket right now is $439,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$1,469/mo
$43,800 down
$175,200 loan
Principal & interest$1,136
Property tax (est.)$183
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 2 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.