54 Sabin St Pawtucket, RI 02860-1433
Property summary
This exceptional investment opportunity in Pawtucket, RI, presents a mixed-use property ideally situated on a corner lot at 54 Sabin Street. The 1,068 square foot building sits on a 0.07-acre lot and offers excellent visibility and accessibility, boasting convenient proximity to downtown and major highways. The property comprises two spacious apartments, each featuring three bedrooms, an eat-in kitchen, and a living room. Adding significant income potential is a fully equipped restaurant, approximately three years old, currently operating under a one-year lease. The restaurant boasts upgraded appliances including warmers, a stove, broiler, deep fryer, and refrigerator. A detached two-car garage provides additional convenience and potential for extra income or storage. This property is a compelling investment prospect due to its diverse income streams, prime location, and existing tenant in place. The combination of residential and commercial spaces offers a strong foundation for long-term growth and profitability. The property's location ensures easy access to major transportation routes and the vibrant downtown area, maximizing its appeal to both residents and businesses. This is a rare opportunity to acquire a well-maintained, income-generating property in a desirable location. The asking price is $750,000.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Value estimations
Owner & transaction history
Zoning & alternative use
Residential Multifamily RM. This zone is intended to continue single-household and multihousehold dwellings of specified density and building height in those areas where such development is prevalent. E. Residential Elev…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
RM · Pawtucket, RIResidential Multifamily RM. This zone is intended to continue single-household and multihousehold dwellings of specified density and building height in those areas where such development is prevalent. E. Residential Elev…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for RM in Pawtucket, RI.
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Find the owner behind the property.
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