Investor's Utopia! Prime commercial property offering exceptional passive income with a $90,000/year Triple Net (NNN) lease in place. This long-term, established restaurant tenant has a proven track record of success, providing reliable returns with minimal landlord responsibilities. Located in a high-visibility, high-traffic area, this asset is perfectly positioned for steady growth. The building and structure are in excellent condition, featuring recent exterior facade updates, a newer roof, and fully updated mechanical systems including HVAC-limiting future capital expenditures. This investment delivers a strong cap rate, stable tenancy, and low overhead-making it a perfect 1031 tax exchange canidate. Opportunities like this are rare: quality tenant, solid lease, prime location, and updated infrastructure. Do the math - You won't find a more stable return in today's market.

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More Info

Basic Information

Attribution Contact [email protected]
Lot Features Downtown
Mls Status Pending
Owner Pays HVAC Maintenance, Roof Maintenance
Possible Use Food Service
Road Frontage DescriptionBlacktop

Building

BasementFull
Building ConstructionFrame, Masonry
FoundationConcrete Perimeter, Mixed
Number Of Buildings 1
Year Built1940

Water Body

Water AccessMunicipal

Other

Date Listed05/19/2026
Seating Capacity 150

Tax Information

Taxes$10,600

Location

Address176 Columbus Avenue
Building Number176
CountyProvidence
StateRI
StreetColumbus Avenue
TownPawtucket
Zip02860

Interior

Interior Features Ceiling Height (9 to 12 Ft)

Property Information

Approx Lot Square Foot25,130

Amenities

Community Features
- Bus
- Commuter Bus
- Golf
- Highway Access
- Hospital
- Interstate
- Near Swimming
- Private School
- Public School
- Railroad
- Recreational Facilities
- Schools
- Shopping
- Tennis
Other AmenitiesBasement, Golf, Tennis
Security Features Fire Alarm

Basic Information

List Price$850,000
MLS Number1412993
Modification Date09/11/2026
Property SubTypeCommercial
StatusPending
Virtual TourView Tour

Property

Business TypeFood & Beverage, Hospitality, Restaurant

Utilities

Electric 200+ Amp Service, Circuit Breakers
Heat SystemCentral Air, Forced Air, Gas Connected
Heating YN Yes
Utilities Sewer Connected, Gas, Municipal Water, Sanitary Sewers
Waste Water DisposalPublic Sewer

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Amo Realty - Rhode Island