176 Columbus Avenue, Pawtucket, RI 02860

$850,000

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List Price
$850,000
MLS#
1412993
Status
ACTIVE
Type
Commercial
City
Pawtucket
County
Providence
Year Built
1940

Property Description

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.

Additional Information

Cooling
Central Air
Sewer
Connected, Public Sewer, Sanitary
Taxes
$10,600
Community Features
Golf, Highway Access, Near Hospital, Near Schools, Pool, Public Transportation, Recreation Area, Shopping, Tennis Court(s), High Traffic Location

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of RE/MAX Properties. Contact: karl@martonegroup.com

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