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23041520
23041537

176 Columbus Avenue, Pawtucket, RI 02860

RE/MAX Properties
Listed by RE/MAX Properties
$850,000
406 days on market
Updated 5 days ago

176 Columbus Avenue

Details
APN 176COLUMBUSAVPAWT
Property Type Retail, Hospitality
Sub Type Restaurant, Bar (+3)
Square Footage 4,284
Units 1
Lease Expiration 10/25/2035
Year Built 1940
Buildings 1
Lot Size (SqFt) 25,130
Parking Spaces 56 spaces
Parking Per SqFt 13.07
Ownership LLC

Retail | 4,284 SqFt

Marketing 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.
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