176 Columbus Avenue, Pawtucket, RI 02860
COMMERCIAL - Pawtucket, RI
- Added:
- May 19, 2026
- Days on Market:
- 49
- Last Refresh:
- Jul 6 at 7:06 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 (401) 232-3900
Listing office Re/Max Properties 696 Douglas Pike, SMITHFIELD, RI (401) 232-3900
Listing date May 19, 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.
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.
- Building in excellent condition with recent exterior facade updates and a newer roof.
- Fully updated mechanical systems including HVAC, limiting future capital expenditures.
- Strong cap rate, stable tenancy, and low overhead.
Overview
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Pawtucket
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.364935
- Latitude
- 41.870737
