For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
The Largest CRE Database in the US with Over 1 Million Listings

60 Reservoir Ave Pawtucket, RI 02860

Loading data...
Loading data...
Loading data...
For Sale
$249,000

Nine Garages, High Rental Potential

Property size:
200 SF

Property Features for 60 Reservoir Ave

General Information

Property type
Other commercial real estate
Square Feet
200 SF
Lot Size
5,227 SF

Building Details

Year Built
1993

We can help!

Listing Contact
Dawn Mercer

Listing Agency: Keller Williams South Watuppa Listing Agent: Dawn Mercer

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

Learn more

Property Insight Report

Overview

This exceptional investment opportunity presents a portfolio of nine individual garages located at 60 Reservoir Avenue in Pawtucket, Rhode Island. The property sits on a 0.12-acre lot and encompasses a total of 200 square feet of building space. Each garage is independently metered for electricity and separated by interior walls, offering flexibility and convenience for both owner and tenants. Currently, all nine garages are rented on a month-to-month basis at a below-market rate of $125 per month. This translates to a current gross monthly income of $1125, presenting significant upside potential through market-rate adjustments. The high demand is evidenced by an existing waiting list of prospective tenants, indicating strong potential for immediate and future rental income growth. The property is classified as general commercial and is offered at an attractive price of $249,000. This presents a rare chance to acquire a stable, income-generating asset with immediate cash flow and significant room for appreciation. The property's location in Pawtucket offers easy access to major transportation routes and local amenities, further enhancing its appeal to both tenants and investors. This is a turnkey investment ready for immediate income generation and future growth. Don't miss this opportunity to acquire a proven, high-demand commercial property.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

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

Location Insight

  • Map
  • Local Demand
City
Pawtucket
County
Providence
State
Rhode Island
Longitude
-71.41164
Latitude
41.87855

FAQs

What type of property is this?
Commercial real estate - Nine Garages, High Rental Potential
Where is this commercial real estate located?
The property is located at 60 Reservoir Ave Pawtucket, RI.
What is the asking price?
The asking price for this property is $249,000.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message