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    Pawtucket Commercial Property For Sale

    176 Columbus Avenue Pawtucket, RI 02860

    Claim this Listing
    For Sale
    $850,000

    COMMERCIAL - Pawtucket, RI

    Property size:
    4,284 SF
    Lot size:
    0.58 Acres
    Price / SF:
    $198/SF
    Added:
    May 19, 2026
    Days on Market:
    55
    Last Refresh:
    Jul 12 at 2:06 am

    Property Features for 176 Columbus Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Interior features
    Ceiling Height (9 to 12 Ft)
    Basement
    Full
    Standard status
    Active
    Size
    4,284 SF
    Lot size
    0.58 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    10600

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas, Central

    Building Details

    Year built
    1940
    Number of units
    1
    Building materials
    Frame, Masonry

    Listing agent Karl Martone License #145726

    Listing office Re/Max Properties 696 Douglas Pike, SMITHFIELD, RI

    Listing date May 19, 2026

    MLS# 1412993

    Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This commercial property is located in a high-visibility, high-traffic area. The property features a long-term, established restaurant tenant with a proven track record. A Triple Net (NNN) lease is in place, offering $90,000 per year. The building is in excellent condition, featuring recent exterior facade updates, a newer roof, and fully updated mechanical systems, including HVAC. The property is suitable for a 1031 tax exchange. The property size is 4284 square feet and the lot size is 0.5769 acres.

    Key Highlights

    • $90,000/year Triple Net (NNN) lease in place providing exceptional passive income.
    • Long‑term, established restaurant tenant with a proven track record.
    • Located in a high‑visibility, high‑traffic area.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $77.1k $18.00
    − Vacancy −$7.9k −$1.85
    EGI $69.2k $16.15
    − OpEx −$17.3k −$4.04
    NOI $51.9k $12.11
    4,284 SF · lease $18.00/SF/yr · vacancy 10.28% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $741.3K
    $648.6K – $864.8K (±1% cap)
    NOI $51,889 @ 7.0% cap · market cap 6.10%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $1.02M
    $891.6K – $1.19M (±1% cap)
    NOI $71,331 @ 7.0% cap · market cap 8.39%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Roast House Pub ... Restaurant

    Suggested Use

    Real Estate Agency Parking Lot & Garage Spa & Massage Center Accounting Firm Computer & Electronic Repair Barber Shop Kitchen & Bath Showroom Locksmith Storage Facility (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    NNN property - Commercial property with long-term tenant and stable income.
    Where is this nnn property located?
    The property is located at 176 Columbus Avenue Pawtucket, RI.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: $90,000/year Triple Net (NNN) lease in place providing exceptional passive income.; Long‑term, established restaurant tenant with a proven track record.; Located in a high‑visibility, high‑traffic area.
    Contact an agent
    (401) 232-3900
    We can help!
    Contact an agent
    Karl Martone
    Real Estate License ID: 145726
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