110 School Street, Pawtucket, RI, 02860 | $850,000

Prime Corner Restaurant / Lounge / Hookah Bar Opportunity Pawtucket, RI Exceptional opportunity to acquire a fully built-out restaurant, lounge, and hookah bar at 110 School Street, Pawtucket, ideally positioned on the corner of a highly trafficked thoroughfare. This prominent location offers outstanding visibility, strong street presence, and steady daily exposure. Located a minute from the highway, and within walking distance of the new Centerville Bank Stadium, the property is perfectly situated to capitalize on game-day crowds, and events, as well as nearby residential and commercial foot traffic. The sale includes the existing business and all required licenses, allowing for a seamless transition and immediate operation. The space is well-suited for nightlife, dining, and entertainment concepts, with a flexible layout potential for private events, live music, or expanded lounge seating. Additional highlights include ample on-site parking, a major advantage for both customers and staff, a large wrap-around deck facing the river and stadium, and a corner lot configuration that enhances accessibility and curb appeal. Ideal for owner-operators or investors seeking a turnkey hospitality venue in a growing, high-demand area of Pawtucket.

Features

  • Property Type: Commercial
  • Construction: Brick,Masonry
  • Utilities: Electricity Available,Natural Gas Available,Natural Gas Connected,Municipal Utilities,Water Connected,Sewer Connected
  • Parking: 18-car
  • Heating: Forced Air
  • Cooling: Central Air
  • Amenities: Highway Access,Near Schools,Public Transportation,Restaurant,Sidewalks,Street Lights
  • Frontage: 299
  • Year Built: 1975
  • Acreage: 0.25
  • Est. Taxes: $7,306
  • Lot Desc: Corner Lot
  • MLS#: 1404634
  • Website: https://www.raveis.com
    /raveis/1404634/110schoolstreet_pawtucket_ri?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

The Jodie Jordan GroupSales Associates

401.371.3270

JodieJordanGroup@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Brianna TurgeonVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 2104486

860.625.5780

Brianna.Turgeon@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Allen GellermanInsurance Sales Director, William Raveis Insurance

617.686.2668

Allen.Gellerman@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

110 School Street, Pawtucket, RI, 02860

$850,000

The Jodie Jordan Group

Sales Associates

William Raveis Real Estate

Phone: 401.371.3270

JodieJordanGroup@raveis.com

Brianna Turgeon

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 860.625.5780

Brianna.Turgeon@raveis.com

NMLS Mortgage Loan Originator ID 2104486

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $680,000 $680,000 $680,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.117% 6.235% 6.058%
Monthly Tax Payment $609 $609 $609
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,808 $4,132 $5,692
Total Monthly Payment $4,509 $4,833 $6,393

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.