176 Columbus Avenue Pawtucket

$950,000
4,284 sq ft

The Property

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.

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Listing Details

MLS Number

1398657

Lot Size:

0.58 acres

Features

  • Basement: Full
  • Bus
  • Commuter Bus
  • Golf
  • Highway Access
  • Hospital
  • Interstate
  • Private School
  • Public School
  • Railroad
  • Recreational Facilities
  • Schools
  • Shopping
  • Near Swimming
  • Tennis
  • Heating: Central Air, Forced Air, Gas Connected
  • Heating Fuel: Central Air, Forced Air, Gas Connected
  • Downtown
  • Year Built: 1940

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Market Trends for Commercial Properties
in Pawtucket

  • Overview
    Homes for Sale Today44-88% decrease in inventory
    New on Market *4-75% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$204.33$77 increase in List Price/Sq.Ft.
    Avg. Sale Price *$678,333$395,833 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *81.64%-5% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$104.80$895 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *25043 decrease in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Re/Max Properties

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