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Pawtucket Restaurant Space For Lease
For Lease
$15 SF/Yr NNN

223 Newport Ave, Pawtucket, RI 02861

Restaurant space for lease on busy Newport Avenue.

Space SizeContact for details
Days on Market196

Property Features for 223 Newport Ave

General Information

Standard status Active

Building Details

Year Built 1955
Listing Agency: Coastline Realty LLC
Listed By: Qing Lu Zhu · License #REC.0018933
Source: Alpernandmesenbourg
Added: Apr 1 Changed: Sep 12 Last Checked: Oct 7 at 4:43PM

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 Coastline Realty LLC

Investment Insights

Based on property information with market context.

This free-standing restaurant space is available for lease on Newport Avenue in Pawtucket. The property is located on a busy main road with high daily car traffic and excellent visibility. The location is suited for a restaurant or food-related business and is best suited for a long-term tenant. The property size is 4040 square feet. The lease rate is $15 per square foot, plus NNN expenses of approximately $5 per square foot. No equipment is included.

Key Highlights

  • Prime location on Newport Avenue with heavy daily car traffic and excellent visibility
  • Ideal for a restaurant or food‑related business
  • Opportunity to establish a business in a high‑traffic corridor

Property Analytics

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Current Use

Restaurants

Suggested Use

Top Pick Real Estate Agency Law Firm Computer & Electronic Repair Skin Care Clinic Accounting Firm Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

441
Businesses Nearby
96k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 34% Apparel 33% Dining 29% Home Improvements & Furnishings 2%
Burlington Apparel
32,055 visits/mo 0.5 miles
Dollar Tree Shops & Services
15,087 visits/mo 0.3 miles
Hibachi Grill & Supreme Buffet Dining
12,971 visits/mo 0.5 miles
Dunkin' Donuts Dining
11,336 visits/mo 0.2 miles
Dollar General Shops & Services
8,647 visits/mo 0.5 miles

Demographics for 02861, RI

27,833
Population
11,928
Households
2.3
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
3.6 sq mi
ZIP Area
7,731
Density / Sq Mi
$83,044
Median Household Income
$47,384
Median Earnings
$1,278
Median Rent
$285,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Similar Off Market Nearby

  • Palagis Ice Cream — 55 Bacon St, Pawtucket, RI 02860

Frequently Asked Questions

What type of property is this?
Restaurant - Restaurant space for lease on busy Newport Avenue.
Where is this restaurant located?
The property is located at 223 Newport Ave Pawtucket, RI.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Prime location on Newport Avenue with heavy daily car traffic and excellent visibility; Ideal for a restaurant or food‑related business; Opportunity to establish a business in a high‑traffic corridor
More about this property
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