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24 Newport Ave 4,204 SF 100% Leased Office Building Pawtucket, RI 02861 $495,000 ($117.75/SF)
Executive Summary
Conway Commercial Group is representing the sale of this mixed-use property located on the very busy corridor of Newport Avenue. The property consists of a first-floor office space currently leased to Jackson Hewitt Tax Services. The second floor is a 2-bedroom apartment with living room, eat-in kitchen and tile bathroom. Additionally, there is a 2-car garage currently occupied by the residential tenant. Ample parking exists in both the front and rear of the property.
Significant development has and continues to occur along this busy retail corridor.
Significant development has and continues to occur along this busy retail corridor.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
4,204 SF
Building Class
B
Year Built/Renovated
1948/2020
Price
$495,000
Price Per SF
$117.75
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,207 SF
Slab To Slab
10’
Building FAR
0.32
Lot Size
0.30 AC
Zoning
RS - Mixed use. Residential and commercial.
Parking
8 Spaces (1.9 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Professional, Scientific, and Technical Services
- -
- -
- Triple Net
- -
Jackson Hewitt began in 1982 when John Hewitt purchased a small tax service in Virginia. The company expanded through franchising and partnerships with major retailers. Jackson Hewitt provides online and in-person tax preparation services for individuals and small businesses. The company also offers financial products like refund anticipation loans and has maintained a national presence with thousands of locations across the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Professional, Scientific, and Technical Services | - | - | Triple Net | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | PAWT-000040-000000-001031 | Improvements Assessment | $145,600 |
| Land Assessment | $179,600 | Total Assessment | $325,200 |
Property Taxes
Parcel Number
PAWT-000040-000000-001031
Land Assessment
$179,600
Improvements Assessment
$145,600
Total Assessment
$325,200
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24 Newport Ave
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