Prime Downtown Pawtucket Investment Opportunity – Strong In-Place Income + Upside
69 Montgomery Street presents a rare opportunity to acquire a stabilized commercial asset in the heart of downtown Pawtucket—one of Rhode Island’s fastest-growing urban markets. This fully operational, income-producing property features 8 units, 2 garages and 11 off-street parking spaces—an uncommon advantage in this high-demand area. With one current vacancy and rents below market, investors have immediate value-add potential and a clear path to increased cash flow and improved cap rate. The building can also be delivered vacant, opening the door to repositioning, redevelopment, or potential conversion opportunities.
Strategically located just minutes from the new MBTA commuter rail station, the property benefits from increased accessibility to Providence and Boston, driving demand from small businesses, professional users, and investors seeking value outside core metro pricing.
The asset features a flexible layout suitable for office, coworking, or creative suites, allowing for multiple leasing strategies. With market rents ranging from $18–$22/SF, there is clear upside through tenant turnover, suite reconfiguration, or positioning toward smaller, higher-rent users.