176 Columbus Avenue Pawtucket, RI $ 950,000
176 Columbus Avenue
$ 950,000
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176 Columbus Avenue

Pawtucket, RI, 02860
$ 950,000
Bedrooms-- Baths-- Sq 4,284
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Property for Rent in Pawtucket, RI

for $950,000. This 4,284 square foot property was built in 1940.

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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Rental Active

Price

$ 950,000

Taxes

$ 10,600

Style

Year Built

1940

Town/City

Pawtucket

County/Region

Providence

MLS | Web ID

1398657

Features
General
Sewer Connected Public Sewer Sanitary
Heating Forced Air Gas
Cooling Central Air
Utilities Natural Gas Available Municipal Utilities Water Connected Sewer Connected
Possession Close Through 45 Days
Construction Materials Frame Masonry
Year Built 1940
Electric 200+ Amp Service Circuit Breakers
Tenant Pays Cable TV Electricity Exterior Maintenance Gas Heat Hot Water Insurance Janitorial Service Pest Control Snow Removal Sewer Taxes Trash Collection Telephone Water
Property Subtype Commercial
Tax Year 2025
Gross Income 90000
Business Type Food & Beverage Restaurant
Community Features Golf Highway Access Near Hospital Near Schools Public Transportation Recreation Area Shopping Tennis Court(s) High Traffic Location
County Providence
New Construction false
Property Type Commercial Sale
Subdivision Name Corner of Colmbus & George Bennett
Status Active
City Pawtucket
Number Of Units Total 1
Lot Size Units Square Feet
Lot Size Square Feet 25130
Number of Units Leased 1
Property Attached Y/N true
Land Lease Y/N false
Tax Annual Amount 10600
Virtual Tour https://tour.RiLiving.com/176-Columbus-Avenue-Pawtucket-RI-02860
Lease Type NNN
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 462400
Tax Lot 727
Ownership Type LLC
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Interior
Basement Full
Total Stories 0
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Water Source Public
Total Parking 0
Lot Size Area 25130
Foundation Details Combination Concrete Perimeter
Number of Buildings 1
Building Area Total 4284
Road Surface Type Asphalt
Road Frontage Type City Street
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* Excluded Features
List By
Re/Max Properties

Broker

karl@martonegroup.com

Email

Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
10/25/2025$950,000 Listed Price

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176 Columbus Avenue, Pawtucket, RI, 02860 is a Property for Rent at $950,000 with 4,284 sqft. 176 Columbus Avenue was built in 1940. The property's zip code is 02860 which is in Pawtucket, RI