Share This Listing

Message

942 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Montgomery Suites 69 Montgomery St 8,644 SF 80% Leased Office Building Pawtucket, RI 02860 $929,000 ($107.47/SF) 7.14% Cap Rate

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Heavy traffic area , Downtown , walking distance to Pawtucket Train
  • Updates throughout interior and exterior- turn key, generates income as is or generate additional with increase rents and growth opportunities
  • Growth opportunities - via building conversion, rent increase- building can be delivered vacant

EXECUTIVE SUMMARY

Unique Investment Opportunity / With potential conversion – Prime Location, High Potential Returns Unlock the potential of this unique 8-unit commercial property with two garages and 11 of street parking spaces in the heart of Pawtucket. Walking distance to downtown commerce. Fully operational and income-producing, this turn-key investment currently has one vacancy, offering immediate upside for the savvy investor. With rents currently below market value, there's a clear path to increasing revenue and maximizing your cap rate. Building can be easily vacated. This property presents the possibility for multiple value-add options. Located just steps from the Pawtucket Train Station and walking distance to downtown Pawtucket, this gem offers unbeatable access—just minutes from downtown Providence, the East Side, Brown University, Route 146, I-295, I-95, South Attleboro T Station, and the Massachusetts line. This is an exclusive unique opportunity in a rapidly developing area—don’t miss your chance to invest in a high-demand corridor with strong growth potential. *Buyer/Buyers Broker responsible for due diligence. Owners/Agents/Brokers make no guarantees, warranties. SOLD AS IS.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income $93,285 $10.79
Taxes - -
Operating Expenses - -
Total Expenses $26,914 $3.11
Net Operating Income $66,371 $7.68

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $93,285
Annual Per SF $10.79
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $26,914
Annual Per SF $3.11
Net Operating Income
Annual $66,371
Annual Per SF $7.68

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
8,644 SF
Building Class
C
Year Built
1910
Price
$929,000
Price Per SF
$107.47
Cap Rate
7.14%
NOI
$66,367
Percent Leased
80%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,322 SF
Slab To Slab
10’
Building FAR
1.24
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
CG - General Use- Industrial - General Property Use- Multi Tenant
Parking
12 Spaces (1.39 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Security System
  • Signage
  • Storage Space
  • Air Conditioning
Walk Score®
Very Walkable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
PAWT-000043-000000-000614
Land Assessment
$109,300 (2025)
Improvements Assessment
$358,500 (2025)
Total Assessment
$467,800 (2025)
  • Listing ID: 35846179

  • Date on Market: 5/13/2025

  • Last Updated:

  • Address: 69 Montgomery St, Pawtucket, RI 02860

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}