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    209 Main St Hopkinton, RI 02804

    Sponsored
    For Sale
    $1,350,000

    Newly renovated restaurant, prime location, high traffic.

    Property size:
    3,300 SF

    Description

    Added:
    Jan 24, 2025
    Days on Market:
    347
    This exceptional turnkey restaurant and bar, located at 209 Main Street in Hopkinton, Rhode Island, presents a unique investment opportunity. The 3,300 square foot property, situated on a 26,136 square foot lot, underwent a complete renovation, encompassing the interior, basement, and exterior. High-end fixtures and kitchen equipment are included, ensuring a seamless transition for new ownership. Ideally positioned on Route 3, a major artery into Westerly, the restaurant benefits from high daily traffic, significantly increasing during peak summer months. Its proximity to Route 95 (one mile away) further enhances its accessibility. The restaurant boasts seating for approximately 88 patrons and ample parking. A pre-existing service window offers potential for outdoor seating expansion. Recent upgrades include a new well and septic system. The property also features a brand-new Generac standby generator (negotiable), providing operational reliability. The restaurant is ready for immediate operation, adaptable to various hospitality concepts, from farm-to-table dining to a coffee shop. The owner is open to lease-to-own options or owner financing, subject to credit and backing approval. This is a fully equipped, beautifully renovated establishment poised for immediate success. The asking price is $1,350,000. Built in 1960, this single-unit building is a must-see for discerning investors.

    Property Features for 209 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    3,300 SF

    Building Details

    Year Built
    1960
    Buildings
    1
    Units
    1

    HighLights

    • $1,350,000 asking price for this 3,300 SF retail property.
    • Newly renovated restaurant and bar with high‑end fixtures and kitchen equipment.
    • Located in Hopkinton, RI, on a highly trafficked state road (Route 3), one mile from Route 95.
    • Features approximately 88 seats, ample parking, and potential for outdoor seating.
    • Includes a recently replaced septic system and well, plus a new Generac standby generator (negotiable).
    • Owner financing or lease‑to‑own options may be available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Windshield Brothers Auto Glass Shop Brick Oven Breakfast Restaurant

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hopkinton
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.785277
    Latitude
    41.4246344

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Restaurant - Newly renovated restaurant, prime location, high traffic.
    Where is this restaurant located?
    The property is located at 209 Main St Hopkinton, RI.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: $1,350,000 asking price for this 3,300 SF retail property.; Newly renovated restaurant and bar with high-end fixtures and kitchen equipment.; Located in Hopkinton, RI, on a highly trafficked state road (Route 3), one mile from Route 95.
    Request Owner's contact information
    209 Main St Hopkinton, RI 02804
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    Hopkinton, RI 02804
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    209 Main St Hopkinton, RI 02804
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