Waterfront District Investment Opportunity

382 Thames St, Bristol, RI 02809

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For Sale

$1,995,000

Free-standing building with three units in a high-traffic downtown location.

Property size:

2,500 SF

Lot size:

0.33 Acres

Price / SF:

$798/SF

HighLights

Prime waterfront district location directly across from Bristol Harbor, high‑end condominiums, the East Bay bike path, and Independence Park.
Free‑standing building with three separate units and separate utilities.
Two units are currently occupied by independent restaurants with long‑term NNN leases, providing immediate income.
Over 115 feet of frontage in a high‑traffic downtown location, walking distance to key attractions.
Third unit offers over 2,500 square feet of warehouse space, soon to be available for lease.
Off‑street parking and easy access by car, bike, or foot.

We can help!

Listing Contact

The Chris Woodard Team

For Sale

$1,995,000

Free-standing building with three units in a high-traffic downtown location.

Property size:

2,500 SF

Lot size:

0.33 Acres

Price / SF:

$798/SF

Added:: Mar 11, 2024
Days on Market:: 827
Last Refresh:: Jan 20 at 8:31 am

Property Features for 382 Thames St

General Information

Standard status: Active
Size: 2,500 SF
Lot size: 0.33 Acres

We can help!

Listing Contact

The Chris Woodard Team

Listing agent The Chris Woodard Team

Listing office Keller Williams Coastal

Listing date Mar 11, 2024

Source Exprealty

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 Keller Williams Coastal

HighLights

Prime waterfront district location directly across from Bristol Harbor, high‑end condominiums, the East Bay bike path, and Independence Park.
Free‑standing building with three separate units and separate utilities.
Two units are currently occupied by independent restaurants with long‑term NNN leases, providing immediate income.
Over 115 feet of frontage in a high‑traffic downtown location, walking distance to key attractions.
Third unit offers over 2,500 square feet of warehouse space, soon to be available for lease.
Off‑street parking and easy access by car, bike, or foot.

Overview

This free-standing building is located in the Waterfront District and contains three separate units. Two units are currently occupied by independent restaurants with long-term NNN leases. The third unit is a warehouse-type space currently occupied by the owner, which will be listed for lease with over 2,500 square feet. The property features separate utilities, off-street parking, and easy access by car, bike, or foot. It has over 115 feet of frontage directly across from Bristol Harbor, 80 high-end condominiums, the East Bay bike path, and Independence Park. The property is also within walking distance of the Bristol Harbor Inn Hotel and Event Center and other attractions in downtown Bristol. The possibilities for this property are endless and not limited to a possible condo conversion, additions, etc. New legislation may allow for additional residential units which would offer water views of Bristol Harbor. Buyer to perform their own due diligence.

Property Profile Location Intelligence

Current Use by Public Records

Pisco&tequila Restaurant Tong Phoon Restaurant Restaurant

Suggested Use

Location Insight

Map
Local Demand

City: Bristol
County: Bristol
State: Rhode Island
Longitude: -71.2784
Latitude: 41.6723

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What type of property is this?

Retail property - Free-standing building with three units in a high-traffic downtown location.

Where is this retail property located?

The property is located at 382 Thames St Bristol, RI.

What is the asking price?

The asking price for this property is $1,995,000.

What are key features of this property?

This property features: Prime waterfront district location directly across from Bristol Harbor, high‑end condominiums, the East Bay bike path, and Independence Park.; Free‑standing building with three separate units and separate utilities.; **Two units are currently occupied by independent restaurants with long‑term NNN leases, providing immediate income.**