1172 Main Street Richmond, RI 02898
COMMERCIAL - Richmond, RI
Property Features for 1172 Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- GB
- Parking
- 50
- Interior features
- Ceiling Height (9 to 12 Ft)
- Standard status
- Active
- Lot size
- 1.30 Acres
Taxes and HOA fees
- Tax Year
- 25
- Tax Annual Amount
- 11975
Utilities
- Sewer type
- Septic Tank
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2009
- Floors in Building
- 1
- Building materials
- Brick, Frame
Listing agent Shuman Hsia (401) 300-0833
Listing office Circle 100 Real Estate 359 Broad Street, Floor 2, Providence, RI (401) 336-6083
Listing date Jul 12, 2026
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 1172 Main Street in Richmond, Rhode Island, the site is conveniently positioned off Exit 7 on Route 95 and Route 138. The 1.3-acre lot provides space for outdoor seating, with the remarks noting potential for a drive-through configuration.
The property is listed under zoning GB and is available for sale. Appointments are required for showings, and employees should not be approached directly.
Key Highlights
- Chinese restaurant building built in 2009 with 9–12 ft ceiling heights and open, well‑lit layout
- 5,400 SF restaurant with seating for 154 and full liquor license
- Central heating and central air conditioning
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 | $97.2k | $18.00 |
| − Vacancy | −$4.1k | −$0.76 |
| EGI | $93.1k | $17.24 |
| − OpEx | −$23.3k | −$4.31 |
| NOI | $69.8k | $12.93 |
