INNOVATE Real Estate
Commercial at 48 School Street, Lincoln
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49 photos

$799,900

48 School Street
Lincoln, RI 02802
Listed by Michael Alves
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1949

About this home

Fully functional Lincoln restaurant with liquor license and real estate 3,223 SF. All FF&E included.

Property details

MLS #
1404376
Property type
Commercial
Subdivision
N/A
Status
Active
Days on market
217
On market date
February 4, 2026
Stories
1
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.68 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Lonsdale Elementary
0.53 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
281
Student:teacher ratio
15.6:1
District
Lincoln
MiddleCharter
Blackstone Valley Prep Upper E
1.01 mi away · Grades 5-6
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
384
Student:teacher ratio
12.8:1
District
Blackstone Valley Prep A RI Mayoral Academy
HighCharter
Blackstone Valley Prep High
1.2 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
403
Student:teacher ratio
12.6:1
District
Blackstone Valley Prep A RI Mayoral Academy

Walkability

Blended score for Lincoln's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

72
Walkable
out of 100
EPA National Walkability Index
11.3 / 20 -- Above average walkable
Google Places amenity density
95 / 100
Restaurants & cafes20
Grocery stores4
Parks20
Schools16
Transit stops20
Pharmacies1

Market position

How this listing compares to current activity in Lincoln, from live MLS data.

On the market 217 days -- 175 more days than Lincoln's current average of 42 days.
For reference, the median list price across 171 active listings in Lincoln right now is $535,000.

Mortgage calculator

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Est. monthly payment
$4,967/mo
$159,980 down
$639,920 loan
Principal & interest$4,151
Property tax (est.)$667
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated September 9, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.