216 Main Street Pawtucket, RI 02860
COMMERCIAL - Pawtucket, RI
- Added:
- Jan 6, 2026
- Days on Market:
- 186
- Last Refresh:
- Jul 11 at 4:06 pm
Property Features for 216 Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Pending
- Size
- 9,798 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 16656
Building Details
- Year built
- 1901
- Number of units
- 2
- Building materials
- Steel
Listing agent Kyle Seyboth License #REC.0005226 (508) 726-3492
Listing office Century 21 Limitless 969 Waterman Avenue, Suite 1, East Providence, RI (508) 567-3468
Listing date Jan 6, 2026
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.
Key Highlights
- High‑traffic downtown location in up‑and‑coming Pawtucket district.
- Mixed‑use building with two retail spaces and eight residential units.
- Excellent visibility and access to public transportation, shops, and restaurants.
Local Financial Insights For Mixed Use
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 | $205.8k | $21.00 |
| − Vacancy | −$20.6k | −$2.10 |
| EGI | $185.2k | $18.90 |
| − OpEx | −$69.4k | −$7.09 |
| NOI | $115.7k | $11.81 |
