Pawtucket Medical Center | 126 Prospect St
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Pawtucket Medical Center 126 Prospect St
11,694 SF 100% Leased Office Building Pawtucket, RI 02860 £1,234,785 (£106/SF) 9.26% Net Initial Yield
Investment Highlights
- Historic Pawtucket Medical Center
Executive Summary
Pawtucket Medical Center is for sale. There are 14 doctor Clinics/ Labs occupying now. The building is 11694 square feet and 97% rented. All of tenants are medical license doctor or specialist, which including two family doctor clinics, one Lab, one Otology, two Psychology, and Chiropractor, Pediatrician, Medical Massage, Physical Therapy, total 16 clinics & offices. The lot size is 0.78 acres with 60 parking spaces. It locates at Pawtucket downtown, 3 minutes go in/out Rt. 95, 10 minutes to Providence downtown. The Memorial Hospital was crossroad. Also there are 126 pieces of solar panels built on the roof. It could be product much electric income. Seller will pay off the solar mortgage $118,500 for new buyer at the closing. Please contact seller Jackson by 508-579-8689 / songrock@msn.com.
The list of major Clinic and specialist as below:
Northeast Internal Medical Inc
Pawtucket Primary Care
Hear Care of New England, LLC
East Side Clinical Lab
PVD Cares Wellness Center
Joyful Hearts Childercare LLC
Conley D. C. Chiropractor
All Cost Physical Therapy
RI Suboxone Clinic
The list of major Clinic and specialist as below:
Northeast Internal Medical Inc
Pawtucket Primary Care
Hear Care of New England, LLC
East Side Clinical Lab
PVD Cares Wellness Center
Joyful Hearts Childercare LLC
Conley D. C. Chiropractor
All Cost Physical Therapy
RI Suboxone Clinic
Property Facts
Sale Type
Investment
Sale Condition
Shell & Core
Property Type
Office
Property Subtype
Medical
Building Size
11,694 SF
Building Class
B
Year Built/Renovated
1977/2024
Price
£1,234,785
Price Per SF
£106
Net Initial Yield
9.26%
NOI
£114,341
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
5,847 SF
Slab to Slab
10 ft
Building FAR
0.34
Land Acres
0.78 AC
Opportunity Zone
Yes
Zoning
RM
Parking
60 Spaces (5.13 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Route
- Signage
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PROPERTY TAXES
| Parcel Number | 23 0687 | Improvements Assessment | £549,294 |
| Land Assessment | £111,707 | Total Assessment | £661,001 |
PROPERTY TAXES
Parcel Number
23 0687
Land Assessment
£111,707
Improvements Assessment
£549,294
Total Assessment
£661,001
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Jackson Song - Jackson Song
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Jackson Song
Pawtucket Medical Center | 126 Prospect St
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