176 Columbus Avenue, Pawtucket, RI, 02860
1940
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.
Status:
Active
Type:
Commercial
Units:
1
Complex:
Corner of Colmbus & George Bennett
Heating:
Forced Air, Gas
Cooling:
Central Air
Basement:
Full
Est. Taxes:
$10,600
Assessment
$462,400
Construction
Frame,Masonry
Utilities
Natural Gas Available,Municipal Utilities,Water Connected,Sewer Connected
Amenities:
Golf, Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s), High Traffic Location
Days on Market:
13
MLS #:
1398657
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Re/Max Properties 401-232-3900