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    8 Industrial Dr Westerly, RI 02891

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    For Sale
    $480,000

    Turnkey restaurant with seating for 49 near downtown Westerly.

    Property size:
    1,022 SF
    Lot size:
    0.11 Acres

    Property Features for 8 Industrial Dr

    General Information

    Size
    1,022 SF
    Lot size
    0.11 Acres

    Source: BHHS - New England Properties | Mystic Agent Tracy O'Donnell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Restaurant Near Downtown Westerly

    Located a short walk from downtown Westerly, Rhode Island, this turnkey restaurant is available for sale. The standalone building is well-maintained and features seating for up to 49 guests. Large front windows provide natural light and visibility. The property is zoned DC2, allowing for multi-use potential. A fire detection system was upgraded in 2021 and is connected to the Westerly Fire Station. A new Toast POS system with 2 transmission ports was installed in 2021. The property offers flexibility and a location to thrive. The building has a size of 1022 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    YaDi's Simply Delicious Breakfast Restaurant IDK Food And Beverage Exporter

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Westerly
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.8314367
    Latitude
    41.3820058

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    FAQs

    What type of property is this?
    Turn key restaurant - Turnkey restaurant with seating for 49 near downtown Westerly.
    Where is this turn key restaurant located?
    The property is located at 8 Industrial Dr Westerly, RI.
    What is the asking price?
    The asking price for this property is $480,000.
    What are key features of this property?
    This property features: - Prime location within walking distance of downtown Westerly, RI; - Turnkey restaurant; well-maintained and move-in ready; - Standalone building for sale
    (401) 480-9515
    Request Owner's contact information
    8 Industrial Dr Westerly, RI 02891
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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
    8 Industrial Dr Westerly, RI 02891
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