Restaurant with Outdoor
For Sale
$296,000
200 Front Street, Lincoln, RI 02865
Kitchen and bar equipment complement an outdoor patio area.
Property Size2,100 SF
Price / SF$140.95
Days on Market219
Property Features for 200 Front Street
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Business
Additional Details
Patio
Yes
Taxes and HOA fees
Annual Taxes
$129,000
Building Details
Building Size
2,100 SF
Year Built
1950
Listing Agency:
Realty Center
Listed By:
John Skeffington · License #RES.0030321
(401) 651-8888
Source:
Pooleproperties
Added: Mar 27
Changed: Oct 30
Last Checked: Oct 30 at 3:05PM
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 Realty Center
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This restaurant property contains 2,100 square feet and was built in 1950. Kitchen and bar equipment are in place, and an outdoor patio provides additional space connected with the restaurant.
Key Highlights
- 2,100‑square‑foot restaurant property
- Kitchen and bar equipment in place
- Outdoor patio area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,436
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,720
$508.7K
Cap Rate 7%
$363,371
$363.4K
Cap Rate 9%
$282,622
$282.6K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$37.8K $18.00/SF
− Vacancy
−$3.9K −$1.85/SF
EGI
$33.9K $16.15/SF
− OpEx
−$8.5K −$4.04/SF
NOI
$25.4K $12.11/SF
Area
Providence County, RI
Vacancy
10.28%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,720
Cap Rate 7%
$363,371
Cap Rate 9%
$282,622
Alternative Uses
Best Use
Specialty Retail
$363.4K
$318.0K – $423.9K
NOI $25,436 @ 7.0% cap · market cap 8.59%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$499.5K
$437.1K – $582.8K
NOI $34,966 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Honey Dew Donuts
Dining
8,340 visits/mo
0.1 miles
SUBWAY
Dining
2,282 visits/mo
0.1 miles
Demographics for 02865, RI
17,902
Population
7,079
Households
2.5
Avg Household Size
45
Median Age
48%
College-Educated
92%
High-School Grad
16.5 sq mi
ZIP Area
1,085
Density / Sq Mi
$117,042
Median Household Income
$59,949
Median Earnings
$1,206
Median Rent
$427,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Kitchen and bar equipment complement an outdoor patio area.
Where is this conventional restaurant located?
The property is located at 200 Front Street Lincoln, RI.
What is the asking price?
The asking price for this property is $296,000.
What are key features of this property?
This property features: 2,100‑square‑foot restaurant property; Kitchen and bar equipment in place; Outdoor patio area
