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    2692 Victory Hwy Burrillville, RI 02830

    Sponsored
    For Sale
    $1,300,000

    Established Restaurant, Turnkey Opportunity, High Income Potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity presents a well-established restaurant and bar located at 2692 Victory Highway, Burrillville, RI. The property boasts a spacious layout including a separate dining room and lounge area, a bar with seating for over 20 patrons, and a newly constructed deck for outdoor dining. A large banquet room, accommodating 60+ guests, features a second bar, ideal for private events. Adding to the income potential is a separate three-bedroom apartment with a private entrance, currently owner-occupied, offering flexibility for additional rental income. The property also includes ample parking with 65+ paved spaces and extensive dry goods storage. Recent significant upgrades include a brand-new computer system, a new roof, a new walk-in cooler, a new freezer, and new vinyl siding. The property is connected to town sewer. Financial information is available upon request, maintaining complete confidentiality. This turnkey operation is ready for a new owner to step in and continue its success. The property sits on one acre of land and is listed at $1,300,000. This is a rare opportunity to acquire a thriving business and valuable real estate in a desirable location.

    Property Features for 2692 Victory Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1940
    Property Profile Location Intelligence

    Current Use by Public Records

    Uncle Ronnie's Red ... Bar & Grill

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Auto Repair Shop Accounting Firm Bar & Pub Garden Center Convenience Store Arcade & Gaming Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Burrillville
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.6093
    Latitude
    41.98069

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    FAQs

    What type of property is this?
    Commercial real estate - Established Restaurant, Turnkey Opportunity, High Income Potential.
    Where is this commercial real estate located?
    The property is located at 2692 Victory Hwy Burrillville, RI.
    What is the asking price?
    The asking price for this property is $1,300,000.
    (401) 333-0010
    Request Owner's contact information
    2692 Victory Hwy Burrillville, RI 02830
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    Burrillville, RI 02830
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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
    2692 Victory Hwy Burrillville, RI 02830
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