$950,000

176 Columbus Avenue, Pawtucket, RI 02860

  • 4,284 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1940
  • Property Lot Size Icon0.58acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $222/sqft
  • Property List Date Icon Listed 12 days ago

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.

Listing Status:
Active
Date Added:
October 25, 2025 at 05:00AM
Listing Office:
RE/MAX Properties : 401-232-3900
MLS ID:
1398657
  • Basement: Full
  • A/C: Central Air
  • Heating: Forced AirGas
  • Parking: Parking spaces: 0
  • General: FrameMasonry0CombinationConcrete Perimeter
  • Road/Access: City Street
  • HOA Amenities: 0.0
  • Originating MLS: RIS_RIS
  • County: Providence
  • Zoning: 176COLUMBUSAVPAWT
  • Utilities: Natural Gas AvailableMunicipal UtilitiesWater ConnectedSewer Connected200+ Amp ServiceCircuit Breakers
  • Water: Public
  • Sewer: ConnectedPublic SewerSanitary
  • Source: RIS_RIS
  • Ownership: LLC

This listing courtesy of RE/MAX Properties

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

F

Fallon Memorial Elementary School

62 Lincoln Ave, Pawtucket, RI, 02861

Grades PK-5

0.30 miles away

J

Joseph Jenks Middle School

350 Division St, Pawtucket, RI, 02860

Grades 6-8

0.47 miles away

J

Jacqueline M. Walsh School

350 Division St, Pawtucket, RI, 02860

Grades 9-12

0.47 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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