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735 Broadway Pawtucket, RI 02861

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For Sale
Contract
$1,050,000

Fully renovated 6-unit building with residential and commercial spaces.

Property size:
6,420 SF
Lot size:
0.05 Acres

Property Features for 735 Broadway

General Information

Standard status
Contract
Size
6,420 SF
Lot size
0.05 Acres

Building Details

Year built
1930

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Listing Contact
Spectrum Real Estate Consultants Team
Source: Corcoran

Listing Agency: KELLER WILLIAMS LEADING EDGE Listing Agent: Spectrum Real Estate Consultants Team

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

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Overview

Renovated Mixed-Use Investment Property

This mixed-use property offers an investment opportunity with an income exceeding $120,000 and a 9.5% cap rate. Located on the Pawtucket/Massachusetts border, the fully renovated building features 6 units, including 5 residential units and 1 commercial unit. The first floor is occupied by a restaurant with a long-term lease, where the tenant contributes to property taxes. The remaining space comprises 5 residential units, totaling 10 bedrooms and 6 bathrooms, including one 3-bed, 2-bath unit. All residential units have been renovated with new kitchens, granite countertops, stone herringbone backsplashes, stainless appliances, new windows, and updated bathrooms. A new fire panel has been installed. The property is located within 9 minutes of the commuter rail.
Location Intelligence

Current Use by Public Records

Conventional restaurants

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

Location Insight

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  • Local Demand
City
Pawtucket
County
Providence
State
Rhode Island
Longitude
-71.371733
Latitude
41.89304

FAQs

What type of property is this?
Mixed-use property - Fully renovated 6-unit building with residential and commercial spaces.
Where is this mixed-use property located?
The property is located at 735 Broadway Pawtucket, RI.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: - High Income Potential: Generates over $120,000 annually with a 9.5% cap rate.; - Mixed-Use Property: Features both residential (5 units) and commercial (1 restaurant) spaces.; - Fully Renovated: All 5 residential units are renovated floor to ceiling with new kitchens and updated bathrooms.
More about this property
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