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    OFF-MARKET Estimated value $510,000
    Showrooms

    209 Main St, Ashaway, RI 02804

    3,344 SF 0.6 ac lot Built 1960
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US76-0063113
    Property summary
    AI-generated overview

    This exceptional 3,300 square foot restaurant, located at 209 Main Street in Hopkinton, RI, presents a truly turnkey opportunity for a discerning buyer. Situated on a 0.6-acre lot just one mile from Route 95 and directly on highly trafficked Route 3, this property enjoys exceptional visibility and accessibility. The recent, complete renovation encompasses the entire building, from the basement to the exterior, resulting in a stunning, modern space equipped with high-end fixtures and brand-new kitchen equipment. The restaurant boasts seating for approximately 88 patrons and ample parking in the rear. A charming bar area provides a cozy gathering spot, while the existing service window on the side of the building offers significant potential for outdoor seating. The property features a recently replaced septic system and well. A brand-new Generac standby generator is also available for negotiation, ensuring uninterrupted operation. This meticulously renovated restaurant is ready for immediate operation, ideally suited for a farm-to-table concept, a coffee shop, or any hospitality venture. The owner is open to exploring lease-to-own options or owner financing with suitable credit and backing. This is a rare opportunity to acquire a beautiful, fully equipped restaurant in a prime location with high traffic volume. The asking price is $1,350,000.

    Property profile
    Verified
    Property type Showrooms
    Use group SHOW ROOM, WAREHOUSE
    Year built 1960
    Construction FRAME
    Total area 3,344 SF
    Lot 0.6 ac (26,136 SF)
    Zoning code CS
    APN HOPK M:025 B:000 L:0299A
    UPID US76-0063113
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Windshield Brothers Auto Repair Shop (Bike/Boat/Book/etc) Store
    • Brick Oven Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $520k
    Comparable Approach Comparable
    $481k
    Blend (final) Blend
    $510k
    Owner & transaction history
    KINDO REAL EST HOLDS LLC
    KINDO REAL EST HOLDS LLC
    Zoning & alternative use
    CS · Ashaway, RI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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