Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

940 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Clock Tower Residences 163 George St

122 Unit Apartment Building $11,339,760 CAD ($92,949 CAD/Unit) Pawtucket, RI 02860

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

122 Units approved through the City of Pawtucket
Conveniently located close to I-95

Walking Distance to Pawtucket Central Falls Commuter Rail Station & Tidewater Landing soccer stadium
Environmentally clean and level site

Executive Summary

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.

Clock Tower

Offering Memorandum

Property Facts

Price	$11,339,760 CAD	Building Class	C
Price Per Unit	$92,949 CAD	Construction Status	Under Renovation
Sale Type	Investment	Building Size	30,000 SF
Sale Conditions	Redevelopment Project Building in Shell Condition	No. Stories	3
No. Units	122	Year Built/Renovated	1892/2025
Property Type	Multifamily	Parking Ratio	0.73/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	$11,339,760 CAD
Price Per Unit	$92,949 CAD
Sale Type	Investment
Sale Conditions	Redevelopment Project Building in Shell Condition
No. Units	122
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Construction Status	Under Renovation
Building Size	30,000 SF
No. Stories	3
Year Built/Renovated	1892/2025
Parking Ratio	0.73/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.