Property profile

383 Metacom Ave Bristol, RI 02809

OFF-MARKET
Showrooms
Property ID
US76-0144109
23,302 SF 1.21 ac lot Built 1988
Entity Owned 13-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a 23,000-square-foot building located in Bristol, Rhode Island, on a 1.21-acre parcel, approximately 2.4 miles from Roger Williams University. It was configured as an upscale dining restaurant with seating for about 150 and includes multiple banquet rooms with an aggregate capacity of up to 470. The site provides parking for more than 100 vehicles. The building is set up to support continued restaurant use or potential redevelopment into a mixed-use concept that includes retail, commercial, and residential components, based on conceptual architectural renderings. An additional nearby parcel containing a two-family home on 2.66 acres exists but is not part of this property configuration.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1988
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 23,302 SF
Lot 1.21 ac (52,708 SF)
Zoning code M
APN BRIS M:47 L:28
UPID US76-0144109

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

383 Metacom Ave Bristol, RI 02809-5125
Bristol metro Census 30800 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.03M
Blend (final) Blend
$2.67M

Owner & transaction history

since 2013
4 recorded transactions
2018
Price N/A
2013
$1
2010
Price N/A
1969
Price N/A

Zoning & alternative use

M · Bristol, RI
Zoning description

M Zone Manufacturing. This zone is intended for general industrial uses that accommodate a variety of manufacturing, assembly, storage of durable goods and related activities, provided that they do not pose toxic, explos…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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