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Montgomery Suites 69 Montgomery St 8,644 SF 80% Leased Office Building Pawtucket, RI 02860 $1,296,141 CAD ($149.95 CAD/SF) 7.14% Cap Rate



INVESTMENT HIGHLIGHTS
- Heavy traffic area , Downtown , walking distance to Pawtucket Train
- Updates throughout interior and exterior- turn key, generates income as is or generate additional with increase rents and growth opportunities
- Growth opportunities - via building conversion, rent increase- building can be delivered vacant
EXECUTIVE SUMMARY
Unique Investment Opportunity / With potential conversion – Prime Location, High Potential Returns Unlock the potential of this unique 8-unit commercial property with two garages and 11 of street parking spaces in the heart of Pawtucket. Walking distance to downtown commerce. Fully operational and income-producing, this turn-key investment currently has one vacancy, offering immediate upside for the savvy investor. With rents currently below market value, there's a clear path to increasing revenue and maximizing your cap rate. Building can be easily vacated. This property presents the possibility for multiple value-add options. Located just steps from the Pawtucket Train Station and walking distance to downtown Pawtucket, this gem offers unbeatable access—just minutes from downtown Providence, the East Side, Brown University, Route 146, I-295, I-95, South Attleboro T Station, and the Massachusetts line. This is an exclusive unique opportunity in a rapidly developing area—don’t miss your chance to invest in a high-demand corridor with strong growth potential. *Buyer/Buyers Broker responsible for due diligence. Owners/Agents/Brokers make no guarantees, warranties. SOLD AS IS.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$130,218
|
$15.06
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$37,570
|
$4.35
|
| Net Operating Income |
$92,649
|
$10.72
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $130,218 |
| Annual Per SF | $15.06 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $37,570 |
| Annual Per SF | $4.35 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $92,649 |
| Annual Per SF | $10.72 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
8,644 SF
Building Class
C
Year Built
1910
Price
$1,296,141 CAD
Price Per SF
$149.95 CAD
Cap Rate
7.14%
NOI
$92,595 CAD
Percent Leased
80%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,322 SF
Slab To Slab
10’
Building FAR
1.24
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
CG - General Use- Industrial - General
Property Use- Multi Tenant
Parking
12 Spaces (1.39 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Security System
- Signage
- Storage Space
- Air Conditioning
1 1
Walk Score®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | PAWT-000043-000000-000614 | Improvements Assessment | $503,804 CAD (2025) |
| Land Assessment | $153,600 CAD (2025) | Total Assessment | $657,404 CAD (2025) |
PROPERTY TAXES
Parcel Number
PAWT-000043-000000-000614
Land Assessment
$153,600 CAD (2025)
Improvements Assessment
$503,804 CAD (2025)
Total Assessment
$657,404 CAD (2025)
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Montgomery Suites | 69 Montgomery St
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