Chinese Restaurant with Full Liquor
1172 Main Street Richmond, RI 02898
New
1172 Main Street, Richmond, RI, 02898
Contact for pricing
For Sale
Contact for pricing
2009-built restaurant with high ceilings, open layout, seating for 154, and a full liquor license on 1.3 acres.
Property Size6,300 SF
Lot Size1.30 Acres
Price / SF$214.29
Days on Market4
Property Features for 1172 Main Street
General Information
- Standard status
- Active
- Size
- 6,300 SF
- Lot size
- 1.30 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2009
Listing Agency
Circle 100 Real Estate
Listed by
Shuman Hsia
Source
Crexi
Added: Jul 13 Checked: Jul 16 at 2:41 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Circle 100 Real Estate
Investment Insights
Based on property information with market context.
This Chinese restaurant is housed in a building constructed in 2009 and features high ceilings and an open, well-lit interior designed for smooth day-to-day operation. The property includes seating for 154 and offers a full liquor license.
The restaurant is located off Exit #7 on Route 95 and Route 138, and sits on a 1.3-acre lot. The site also has room for outdoor seating and is presented with potential for a drive-through configuration.
With approximately 5,400 square feet devoted to the restaurant, the building and site may fit a range of future uses, subject to applicable approvals.
The restaurant is located off Exit #7 on Route 95 and Route 138, and sits on a 1.3-acre lot. The site also has room for outdoor seating and is presented with potential for a drive-through configuration.
With approximately 5,400 square feet devoted to the restaurant, the building and site may fit a range of future uses, subject to applicable approvals.
Key Highlights
- 5,400 SF restaurant built in 2009 with high ceilings and an open, well‑lit layout
- Seats 154 customers and includes a full liquor license
- On a 1.3‑acre lot with potential for a drive‑thru
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.4k | $18.00 |
| − Vacancy | −$4.8k | −$0.76 |
| EGI | $108.6k | $17.24 |
| − OpEx | −$27.2k | −$4.31 |
| NOI | $81.5k | $12.93 |
6,300 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.16M
$1.02M – $1.36M
NOI $81,478 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.26M
$1.10M – $1.47M
NOI $88,112 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bali Village Restaurant
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - 2009-built restaurant with high ceilings, open layout, seating for 154, and a full liquor license on 1.3 acres.
Where is this conventional restaurant located?
The property is located at 1172 Main Street Richmond, 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: 5,400 SF restaurant built in 2009 with high ceilings and an open, well‑lit layout; Seats 154 customers and includes a full liquor license; On a 1.3‑acre lot with potential for a drive‑thru
