216 Main Street Pawtucket Pawtucket, RI 02860
Vacant mixed-use building with retail and residential potential.
- Added:
- May 16, 2026
- Days on Market:
- 60
- Last Refresh:
- Jun 29 at 11:43 pm
Property Features for 216 Main Street Pawtucket
General Information
- Standard status
- Active
- Size
- 9,798 SF
Building Details
- Year Built
- 1901
Listing office (508) 501-1443
Listing date May 16, 2026
Source Milestonerealtyinc
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Jadaiya Stanley
Investment Insights
Based on property information with market context.
Key Highlights
- High‑traffic downtown Pawtucket location with excellent visibility.
- Vacant mixed‑use building ready for immediate revitalization.
- Features two prime retail spaces and eight residential units.
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 |
