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About This Home
This 0-bedroom, 0-bathroom commercial at 176 Columbus Avenue in Pawtucket, RI is listed for $850,000 ($198 per sqft). Built in 1940, the home offers 4,284 sqft of living space on a 0.58 acres lot.
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.
Key Features
- Built in 1940
- 0.58 acre lot
Property Details
Monthly Cost Estimate
$4,546/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
176 Columbus Avenue
Pawtucket, RI 02860
Features & Amenities
Interior Features
Property Details
Construction
Heating
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 176 Columbus Avenue is listed at $850,000 ($198/sqft). The estimated monthly payment is $3,683 based on 20% down at 6.5% interest.
Key features include: Built in 1940, 0.58 acre lot. Interior Features: Ceiling Height (9 to 12 Ft).
This property is listed by Karl Martone and can be reached at (401) 232-3900 or karl@martonegroup.com.
