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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 Tax Service is one of the largest in-person tax preparation companies in the United States, providing assisted individual income tax services to millions of customers each year. Founded in 1982, the company specializes in federal and state tax return preparation, electronic filing, amended returns, extensions, and tax-related support services for individual filers. Jackson Hewitt operates through a franchise-based model, with a nationwide network.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Professional, Scientific, and Technical Services | - | - | Triple Net | - |
1 1
Walk Score®
Very Walkable (77)
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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