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268 - 270 West Avenue Pawtucket

$530,000
0 5,558 sq ft

The Property

BACK ON THE MARKET ~ BUYERS FINANCING FELL THROUGH ~ GREAT INVESTMENT OPPORTUNITY: Well maintained corner lot property consists of two spacious storefronts and four residential units as well as ample parking in the rear of the building for tenants. Currently, one of the two retail storefronts is currently operating as a Fish Market and features a kitchen/prep area, an office, bathroom, and plenty of storage space in the back. The second storefront is being used as a merchandise store, with open space, bathroom, storage area, and hardwood floors throughout, as well as separate heating and central air conditioning. The apartment units consist of two 2-bedroom units and two 1-bedroom units each with either electric baseboard heat or gas space heater.

All units are occupied with long-term tenants paying below market rents, as well as their own electric and heat. Below market rents have the potential for income growth! Full basement with four hot water tanks and an additional smaller water tank that were all replaced with the last few years. Updated fire system. Connected to City Gas & Water. Property is being sold “As Is”. Seller/Broker make no representations or warranties and the information herein is subject to revision. Buyer/Buyer’s Rep is advised to perform due diligence. This is an excellent opportunity for passive income so do not miss out!

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Listing Details

MLS Number

1319718

Lot Size:

0.11 acres

Features

  • Basement: Full
  • Heating: Forced Air, Space
  • Laundry
  • Type: Mixed Use,Residential,Retail
  • Year Built: 1920

Market Trends for Commercial Properties
in Pawtucket

  • Overview
    Homes for Sale Today29-85.4% decrease in inventory
    New on Market *9800% increase in new listings
    Avg. Asking Price/Sq.Ft. *$83.83$82 increase in List Price/Sq.Ft.
    Avg. Sale Price *$600,750$349,783 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *92.65%-8.5% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$146.89$145 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *7923 increase 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 River's Edge

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