382 Thames Street Bristol, Bristol, RI 02809
Standalone three-unit property with two long-term NNN restaurant tenants and a third warehouse unit available for lease.
- Added:
- Jun 4, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 5 at 2:12 am
Property Features for 382 Thames Street Bristol
General Information
- Standard status
- Active
- Size
- 6,516 SF
Building Details
- Year Built
- 1900
Listing agent Debra Viveiros (508) 501-1443
Listing office (508) 501-1443
Listing date Jun 4, 2026
Source Milestonerealtyinc
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 Debra Viveiros
HighLights
- Free‑standing three‑unit building in Bristol’s Waterfront District
- Two units are currently occupied by independent restaurants with long‑term NNN leases
- Third unit is a warehouse‑type space available for lease with over 2,500 SF
- Over 115 feet of frontage directly across from Bristol Harbor, the East Bay bike path and Independence Park
- Separate utilities and off‑street parking, with easy access by car, bike or on foot
- Walking distance to Bristol Harbor Inn Hotel & Event Center and other downtown Bristol attractions
Overview
Located in the Waterfront District, the property provides over 115 feet of frontage directly across from Bristol Harbor, the East Bay bike path, and Independence Park. It is also described as being within walking distance to the Bristol Harbor Inn Hotel and Event Center and other downtown attractions, supporting straightforward access by car, bike, or foot in a high-traffic downtown setting.
For restaurant operators, investors, or buyers seeking a mixed-use configuration, the current arrangement provides in-place restaurant occupancy on NNN terms while also leaving the remaining unit available to lease. Prospective purchasers should perform their own due diligence regarding any potential alternative uses or legislative changes discussed in the remarks, including confirming feasibility, approvals, and requirements on their own.
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 | $160.3k | $24.60 |
| − Vacancy | −$6.1k | −$0.93 |
| EGI | $154.2k | $23.67 |
| − OpEx | −$38.6k | −$5.92 |
| NOI | $115.7k | $17.75 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bristol
- County
- Bristol
- State
- Rhode Island
- Longitude
- -71.2784109
- Latitude
- 41.672252