550 Central Avenue, Pawtucket, RI 02861 - Photo 1

1/1

$555,000

Sold
Closed
Commercial

1/1

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.

Full Property Details

Full Property Details for 550 Central Ave

General

Sold For: $555,000
Taxes: $6,415 (2022)
Status: Closed
Type: Commercial
Source: STWMLS
MLS ID: 1334463
Added to Site: 1, 033 day(s) ago

Interior

Furnishings: Unfurnished

Additional Information

Security/Safety: Security System, Building Security, Closed Circuit Camera(s), Carbon Monoxide Detector(s), Fire Alarm, Smoke Detector(s)

Parking

Total Spaces: 16

Location

County: Providence
Subdivision: Darlington
Near Highway: Yes

Heating & Cooling

Central air: Yes
Air Conditioning: Yes
Cooling Type: Central Air Conditioning, Ductless
Heating Type: Central, Forced Air, Gas

Utilities

Sewer: Connected
Water: Connected, Public
Cable Available: Yes
Utility Description: Cable Available, Electricity Available, Natural Gas Available, Natural Gas Connected, Municipal Utilities, Phone Available, Water Connected, Sewer Connected

Structural Information

# Buildings: 1
Construction: Brick, Masonry
Basement Desc.: None
Stories/Levels: 1
Year Built: 1973

Lot Features

Lot Size (Acres): 0.26
Lot Size (Sq. Ft.): 11,193
Lot Size: 11193
Street Lights: Yes
Sidewalks: Yes

Financial Considerations

Tax Amount: $6,415
Tax Year: 2022
Tenant Pays: Air Conditioning, All Utilities, Cable TV, Electricity, Exterior Maintenance, Gas, Grounds Care, HVAC Maintenance, Heat, Hot Water, Insurance, Janitorial Service, Management, Other Tax, Pest Control

Disclosures and Reports

Property ID: 550CENTRALAVPAWT
Lot Number: 782

Listed by RE/MAX Town & Country
Sold by Non-Mls Member

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— 550 Central Ave —

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Schools

Schools serving 550 Central Ave

School District:Pawtucket School District

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 550 Central Ave

Date

Details

Price

Change

Source

6/01/2023

Sold

$555,000

-1.77%

MLS

5/05/2023

Price Reduced

$565,000

-1.74%

MLS

4/29/2023

Listed

$575,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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$595,900

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3
Beds
3
Total Baths

Listed by Roxanne Pacella

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Multi-Family
Closed

4
Units
7
Total Beds
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Acres

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550 Central Avenue, Pawtucket, RI 02861 (MLS# 1334463) is a Commercial property that was sold at $555,000 on June 01, 2023. Want to learn more about 550 Central Avenue? Do you have questions about finding other Commercial real estate for sale in Pawtucket? You can browse all Pawtucket real estate or contact a Coldwell Banker agent to request more information.

550 Central Ave Pawtucket, RI 02861