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About This Home

This 0-bedroom, 0-bathroom commercial at 176 Columbus Avenue in Pawtucket, RI is listed for $950,000. Built in 1940, on a 0.58 acres lot.

Agent 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.

Key Features

  • Built in 1940
  • 0.58 acre lot

Property Details

1940

Monthly Cost Estimate

$5,081/mo

20% down · 6.5% · 30 years

Principal$687
Interest$4,117
Insurance$277

Estimates only. Actual payments may vary.

Location

176 Columbus Avenue

Pawtucket, RI 02860

Corner Of Colmbus & George Bennett

Features & Amenities

Interior Features

Ceiling Height (9 to 12 Ft)

Property Details

Construction

Frame Masonry

Heating

Natural GasCentralForced Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 176 Columbus Avenue is listed at $950,000. The estimated monthly payment is $4,117 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.

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KM

Karl Martone

Agent at Re/Max Properties

(401) 232-3900

Listed by Re/Max Properties

MLS# 1398657· Source: listhub· Updated 167 days ago

Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

176 Columbus Avenue, Pawtucket, RI 02860

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