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176 Columbus Ave, Pawtucket, RI 02860 176 Columbus Ave 8,847 SF Retail Building Pawtucket, RI 02860 $950,000 ($107.38/SF)
Investment Highlights
- Positioned on a high-visibility corner lot spanning a half-acre
Executive Summary
Investor's Utopia! Prime commercial property offering exceptional passive income with a $90,000/year Triple Net (NNN) lease in place. This long-term, established restaurant tenant has a proven track record of success, providing reliable returns with minimal landlord responsibilities. Located in a high-visibility, high-traffic area, this asset is perfectly positioned for steady growth. The building and structure are in excellent condition, featuring recent exterior facade updates, a newer roof, and fully updated mechanical systems including HVAC-limiting future capital expenditures. This investment delivers a strong cap rate, stable tenancy, and low overhead-making it a perfect 1031 tax exchange canidate. Opportunities like this are rare: quality tenant, solid lease, prime location, and updated infrastructure. Do the math - You won't find a more stable return in today's market.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
8,847 SF
Year Built
1940
Price
$950,000
Price Per SF
$107.38
Tenancy
Single
Building Height
1 Story
Building FAR
0.36
Lot Size
0.57 AC
Zoning
MO
Parking
56 Spaces (6.33 Spaces per 1,000 SF Leased)
Nearby Major Retailers
Property Taxes
| Parcel Number | PAWT-000026-000000-000727 | Improvements Assessment | $360,300 |
| Land Assessment | $102,100 | Total Assessment | $462,400 |
Property Taxes
Parcel Number
PAWT-000026-000000-000727
Land Assessment
$102,100
Improvements Assessment
$360,300
Total Assessment
$462,400
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176 Columbus Ave, Pawtucket, RI 02860 | 176 Columbus Ave
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