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    Turnkey Restaurant/Lounge/Hookah Bar Opportunity Title is generated by Realmo AI

    110 School, Pawtucket, RI 02860

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    For Sale
    $850,000

    Fully built-out restaurant/lounge/hookah bar in Pawtucket, RI for sale.

    Type:Commercial
    Lot size:
    0.25 Acres
    Added:
    Feb 9, 2026
    Days on Market:
    116
    Last Refresh:
    Apr 5 at 9:06 pm

    Property Features for 110 School

    General Information

    Standard status
    Active
    Lot size
    0.25 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1975

    We can help!

    Listing Contact
    THE JODIE JORDAN GROUP

    Listing agent THE JODIE JORDAN GROUP License #70010221

    Listing office WILLIAM RAVEIS INSPIRE

    Listing date Feb 9, 2026

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of WILLIAM RAVEIS INSPIRE

    HighLights

    • Turnkey restaurant/lounge/hookah bar opportunity with existing business and all required licenses included for immediate operation.
    • Prime corner location on a highly trafficked thoroughfare with outstanding visibility and strong street presence.
    • Located a minute from the highway and within walking distance of Centerville Bank Stadium, capitalizing on game‑day crowds and foot traffic.
    • Ample on‑site parking, a major advantage for customers and staff.
    • Large wrap‑around deck facing the river and stadium.
    • Flexible layout suitable for nightlife, dining, entertainment, private events, and live music.

    Overview

    This is an exceptional opportunity to acquire a fully built-out restaurant, lounge, and hookah bar located at 110 School Street in Pawtucket, Rhode Island. The property is ideally positioned on a corner, offering high traffic, outstanding visibility, and strong street presence. The location provides steady daily exposure and is situated just a minute from the highway and within walking distance of the new Centerville Bank Stadium, making it well-suited 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. This is an ideal opportunity for owner-operators or investors seeking a turnkey hospitality venue in a growing, high-demand area of Pawtucket.
    Property Profile Location Intelligence

    Current Use by Public Records

    Picos restaurant & lounge Restaurant Pico's restaurant and lounge Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Grupo Amigos Da Terceira — 55 Memorial Dr, Pawtucket, RI 02860
    • Cantinho Bar & Grill — 82 Pawtucket Ave, Pawtucket, RI 02860
    • Duffins Pub — 215 Division St, Pawtucket, RI 02860
    • Murphy's Law Irish Pub — 2 George St, Pawtucket, RI 02860
    • Rock's On Prospect — 451 Prospect St, Pawtucket, RI 02860

    Location Insight

    • Map
    • Local Demand
    City
    Pawtucket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3805
    Latitude
    41.8727

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    FAQs

    What type of property is this?
    Bar & Pub - Fully built-out restaurant/lounge/hookah bar in Pawtucket, RI for sale.
    Where is this bar & pub located?
    The property is located at 110 School Pawtucket, RI.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Turnkey restaurant/lounge/hookah bar opportunity with existing business and all required licenses included for immediate operation.; Prime corner location on a highly trafficked thoroughfare with outstanding visibility and strong street presence.; Located a minute from the highway and within walking distance of Centerville Bank Stadium, capitalizing on game‑day crowds and foot traffic.
    (401) 751-8100
    We can help!
    Listing Contact
    THE JODIE JORDAN GROUP
    Real Estate License ID: 70010221
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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