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    1278 Post Rd Warwick, RI 02888

    For Sale
    $900,000

    Established Chinese Restaurant, Liquor License

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial property at 1278 Post Road, Warwick, RI, presents a unique investment opportunity. This well-established Chinese restaurant, operating successfully since 1974, boasts a prime location in the Norwood area, offering convenient access to T.F. Green Airport, Interstate 95, and Interstate 295. The property sits on a double lot encompassing 0.38 acres, providing ample parking for 28 vehicles. The building itself offers 2,000 square feet of open, efficiently designed space on the first floor, perfect for restaurant operations, accommodating 70 diners. A substantial 2,000 square foot full basement provides extensive storage capacity. The restaurant holds a valuable liquor license, adding significant potential for revenue generation. The property benefits from recent improvements, including a new roof and paved parking lot completed in 2023, minimizing immediate maintenance needs. This turnkey operation is ideally suited for an owner-operator seeking to establish or expand their restaurant business, eliminating the need for leasing and offering immediate revenue potential. Its central Rhode Island location and proximity to major transportation arteries ensure high visibility and accessibility. The asking price is $900,000.

    Property Features for 1278 Post Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    16,553 SF

    Building Details

    Year Built
    1955
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    China Sea Chinese Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.4278
    Latitude
    41.74484

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    FAQs

    What type of property is this?
    Commercial real estate - Established Chinese Restaurant, Liquor License
    Where is this commercial real estate located?
    The property is located at 1278 Post Rd Warwick, RI.
    What is the asking price?
    The asking price for this property is $900,000.
    (401) 336-6083
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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
    1278 Post Rd Warwick, RI 02888
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