60 Reservoir AvePawtucket, RI 02860

Property Details for 60 Reservoir Ave

Year built

1993

Property type

Other commercial real estate

Property subtype

Other specialty properties

Description

This exceptional investment property, located at 60 Reservoir Avenue in Pawtucket, Rhode Island, presents a lucrative opportunity. The 5,043 square foot lot houses a single building constructed in 1993, featuring nine individual garages. Each garage is equipped with electricity and separated by interior walls, offering convenient and secure storage for tenants. Currently, all nine garages are rented on a month-to-month basis at a below-market rate of $125 per month, generating consistent income. The property boasts a waiting list of prospective tenants, indicating strong demand and potential for immediate rental rate increases. This translates to significant potential for increased revenue and a strong return on investment. The property's classification includes land, mixed-use, special purpose, and self-storage designations, reflecting its versatility and potential for future development or expansion. The property is situated in Providence County, Rhode Island, with a zip code of 02860. This is a rare opportunity to acquire a well-established, income-producing property in a high-demand location. The asking price is $249,000. Don't miss this chance to secure a profitable investment in a thriving market.

Location Insight

City

Pawtucket

County

Providence

State

Rhode Island

Latitude

41.8785

Longitude

-71.4116

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].