99 India Street, Pawtucket

Retail-Commercial for Sale
Catylist Listing ID: 30724806
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 4,267 SF
Gross Land Area: 18,058 SF
Sale Price: $350,000
Unit Price: $82.02 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Pawtucket Patriot Bar & Grill
Usable Size (USF): 4,267 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 9/21/2021

Overview / Comments

ATTENTION: PRICE STATED IS FOR REAL ESTATE ONLY. MUST BE SOLD TOGETHER WITH THE BUSINESS.
Great opportunity to own/operate a successful bar with years of history. Pawtucket Patriot Bar & Grill is the biggest Karaoke venue to be found. Drawing crowds 7 nights a week from all over RI and Northeast. The venue has invested in some of the most state of the art Karaoke equipment and technology providing the best singing opportunities available. Full kitchen w/Hood and Ansul system allows for providing food service along with entertainment.
There are 3 pool tables available to patrons at all times. Full ADT Security system in place along with existing camera system. Fully sprinklered. Long list of equipment included with the business including all kitchen equipment, Clover POS system, walk-ins, 20 TV's and much much more. Capacity is 180.
The business can be purchased for $150,000. Owner will consider a lease of the building for $2500 per month NNN.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $8,452 (Annual)
Tax Value Land $76,200
Tax Value Improvements $178,300
Assessed Value - Total($) $254,500 (Annual)

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: City of Pawtucket
Tax ID/APN: PA 260588
Zoning: MO
Retail Clientele: General, Family, Business, Recreation
Property Visibility: Excellent
Largest Nearby Street: George Bennett Highway
Traffic/Vehicle Count: 20,796
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Excellent
Year Built: 1950
Year Renovated: 1995
Roof Type: Arched
Total Parking Spaces: 85
Parking Type: Surface
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 32,151 156,097 356,918
Median Age: 37.03 37.2 35.18
Households: 13,086 63,375 136,185

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