163 George St - Apartments FOR SALE


Pawtucket, RI 02860
$8,000,000 USD
401-862-1251
163 George St, Pawtucket, RI for Sale
$8,000,000 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

163 George St
Pawtucket, RI 02860


HIGHLIGHTS

  • 122 Units approved through the City of Pawtucket
  • Walking Distance to Pawtucket Central Falls Commuter Rail Station & Tidewater Landing soccer stadium
  • Conveniently located close to I-95
  • Environmentally clean and level site

OVERVIEW

122-unit, two-phase approved residential development. The 22-unit site is composed of the former St. Mary's school building, a versatile three-story structure that spans approximately 30,000 square feet. This property boasts elevated open floor plans with potential 16-foot ceilings, offering floor plan versatility. It is also located in an opportunity zone and is included in the National Register's Multiple Resource Area for historical tax credits. The ground development site, located directly behind the school building, has full approvals for 100 units, including an underground garage. Some of the main features would include an environmentally clean and level site, close proximity to city utilities, and conveniently located close to I-95, the Pawtucket Central Falls Commuter Rail Station, the Tidewater Landing soccer stadium, and the East Side of Providence.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$267 USD /SF

# OF UNITS

122

PRICE/UNIT

$65,574

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Clock Tower Residences

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1892

PARKING SPACES

22

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RM

APN/PARCEL ID

PAWT-000000-000000-540858

ASK ABOUT THIS PROPERTY

James LuthHere RealtyMore Info
401-862-1251

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James LuthHere RealtyMore Info
401-862-1251

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.