1251 Warwick AveWarwick, RI 02888

For Sale
$3,500,000
Established eatery, high traffic, ample parking.

Overview

Added:
Feb 3
Days on market:
71
This exceptional commercial property at 1251 Warwick Avenue in Warwick, RI, presents a unique investment opportunity. The 9,064 square foot building sits on a 0.82-acre lot and is currently home to a well-loved, long-established restaurant. The property boasts over 40 parking spaces, ensuring ample customer convenience. The sale includes all buildings, the existing business, equipment, point-of-sale system, and furniture, providing a turnkey operation for the new owner. The restaurant enjoys a steady cash flow and a loyal customer base. Beyond the existing restaurant space, there's significant potential for expansion. Unused space could easily be converted into a private banquet or function room, catering to larger events and increasing revenue streams. Additionally, a loft area offers the possibility of developing a residential unit, adding another dimension to the property's income potential. Existing connections and a partial bath are already in place, simplifying the conversion process. The current equipment is in excellent condition, reflecting the high standards of cleanliness and organization maintained by the current owners. The experienced and dedicated staff express a strong desire to remain with the business, providing continuity and expertise for a smooth transition. This is a chance to acquire an iconic landmark and inject your own vision into a thriving enterprise. The asking price is $3,500,000.

Property Details for 1251 Warwick Ave

Property type
Commercial real estate
Square Feet
9,064 SF
Year Built
1940
Lot Size (sq. ft)
35,719 SF

Location Insight

City
Warwick
County
Kent
State
Rhode Island
Latitude
41.74228
Longitude
-71.40816
1251 Warwick Ave, Warwick, Rhode Island

FAQs

What type of property is this?
Commercial real estate - Established eatery, high traffic, ample parking.
Where is the commercial real estate located?
The property is located at 1251 Warwick Ave Warwick, RI.
What is the asking price?
The asking price for this property is $3,500,000.
How can I contact the broker?
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1251 Warwick Ave
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