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550 Central AVE Pawtucket, RI 02861
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Key Details
Sold Price $555,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $231
Subdivision Darlington
MLS Listing ID 1334463
Sold Date 06/01/23
HOA Y/N No
Abv Grd Liv Area 2,400
Year Built 1973
Annual Tax Amount $6,415
Tax Year 2022
Lot Size 0.260 Acres
Acres 0.26
Property Description
Calling All investors! Do not miss your chance to own a great income producing commercial property. The building has been family owned for almost 40 years and the current tenant (Lil General Convenience Store) has occupied the property for over 30 Years. The lease is triple net with no operating expenses. The lease has 3 1/2 years remaining with a 5 year option to renew. Clause built into the lease allows for a 4% annual increase. Current monthly rent yields $3,935.00.
The building is 2,400 sq. ft. and sits on a .25 acre corner lot. 4000 sq. ft. is paved for 16 parking spots. The building is a staple of the neighborhood and has an excellent location on busy Central Ave.
This property will not last.
Location
State RI
County Providence
Community Darlington
Zoning CL
Rooms
Basement None
Interior
Heating Central, Forced Air, Gas
Cooling Central Air, Ductless
Furnishings Unfurnished
Exterior
Community Features Golf, Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Sidewalks, Street Lights
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Natural Gas Connected, Municipal Utilities, Phone Available, Water Connected, Sewer Connected
Street Surface Paved
Total Parking Spaces 16
Building
Story 1
Foundation Slab
Sewer Connected
Water Connected, Public
Level or Stories 1
Structure Type Brick,Masonry
New Construction No
Others
Tax ID 550CENTRALAVPAWT
Security Features Security System,Building Security,Closed Circuit Camera(s),Carbon Monoxide Detector(s),Fire Alarm,Smoke Detector(s)
Financing Cash
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