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24 Newport Ave 4,204 SF 100% Leased Office Building Pawtucket, RI 02861 $675,299 CAD ($160.63 CAD/SF)

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Executive Summary

Conway Commercial Group is representing the sale of this mixed-use property located on the very busy corridor of Newport Avenue. The property consists of a first-floor office space currently leased to Jackson Hewitt Tax Services. The second floor is a 2-bedroom apartment with living room, eat-in kitchen and tile bathroom. Additionally, there is a 2-car garage currently occupied by the residential tenant. Ample parking exists in both the front and rear of the property.
Significant development has and continues to occur along this busy retail corridor.

Property Facts

Sale Type

Investment or Owner User

Property Type

Office

Property Subtype

Office/Residential

Building Size

4,204 SF

Building Class

Year Built/Renovated

1948/2020

Price

$675,299 CAD

Price Per SF

$160.63 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

2 Stories

Typical Floor Size

1,207 SF

Slab To Slab

10’

Building FAR

0.32

Lot Size

0.30 AC

Zoning

RS - Mixed use. Residential and commercial.

Parking

8 Spaces (1.9 Spaces per 1,000 SF Leased)

24 Hour Access

Bus Line

Major Tenants

Professional, Scientific, and Technical Services
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Triple Net
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Jackson Hewitt began operations in 1982 when John Hewitt purchased a small Virginia-based tax service. The company expanded through franchising in 1986 and grew rapidly by partnering with major retailers. Jackson Hewitt provides tax preparation services, including electronic filing and refund anticipation loans. The company also offers franchise opportunities nationwide. Jackson Hewitt's tax school provides training for aspiring tax professionals through both online and classroom programs. The company serves millions of customers annually through company-owned and franchised locations.