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550 Central Avenue Pawtucket

$555,000
0 2,400 sq ft

The Property

Calling All investors! Do not miss your chance to own a great income producing commercial property. The building has been family owned for almost 40 years and the current tenant (Lil General Convenience Store) has occupied the property for over 30 Years. The lease is triple net with no operating expenses. The lease has 3 1/2 years remaining with a 5 year option to renew.

Clause built into the lease allows for a 4% annual increase. Current monthly rent yields $3,935.00.

The building is 2,400 sq. ft. and sits on a .25 acre corner lot. 4000 sq. ft. is paved for 16 parking spots. The building is a staple of the neighborhood and has an excellent location on busy Central Ave.

This property will not last.

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Listing Details

MLS Number

1334463

Lot Size:

0.26 acres

Features

  • Heating: Central Heat, Forced Air, Gas Connected
  • Type: Commercial
  • Year Built: 1973

Market Trends for Commercial Properties
in Pawtucket

  • Overview
    Homes for Sale Today28-91.1% decrease in inventory
    New on Market *5100% increase in new listings
    Avg. Asking Price/Sq.Ft. *$544.43$358 increase in List Price/Sq.Ft.
    Avg. Sale Price *$823,333$823,333 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *94.63%100% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$126.52$127 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *151151 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 Town & Country

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