Property profile

209 Main St Ashaway, RI 02804

OFF-MARKET
Showrooms
Property ID
US76-0063113
3,344 SF 0.6 ac lot Built 1960
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 3,300 square foot restaurant, located at 209 Main Street in Hopkinton, RI, presents a truly turnkey opportunity for a discerning buyer. Situated on a 0.6-acre lot just one mile from Route 95 and directly on highly trafficked Route 3, this property enjoys exceptional visibility and accessibility. The recent, complete renovation encompasses the entire building, from the basement to the exterior, resulting in a stunning, modern space equipped with high-end fixtures and brand-new kitchen equipment. The restaurant boasts seating for approximately 88 patrons and ample parking in the rear. A charming bar area provides a cozy gathering spot, while the existing service window on the side of the building offers significant potential for outdoor seating. The property features a recently replaced septic system and well. A brand-new Generac standby generator is also available for negotiation, ensuring uninterrupted operation. This meticulously renovated restaurant is ready for immediate operation, ideally suited for a farm-to-table concept, a coffee shop, or any hospitality venture. The owner is open to exploring lease-to-own options or owner financing with suitable credit and backing. This is a rare opportunity to acquire a beautiful, fully equipped restaurant in a prime location with high traffic volume. The asking price is $1,350,000.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1960
Construction FRAME
Total area 3,344 SF
Lot 0.6 ac (26,136 SF)
Zoning code CS
APN HOPK M:025 B:000 L:0299A
UPID US76-0063113

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
  • Auto Repair Shop (Bike/Boat/Book/etc) Store
  • Restaurant

Location

209 Main St Ashaway, RI 02804
Ashaway metro Census 50702 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$520k
Comparable Approach Comparable
$481k
Blend (final) Blend
$260k

Owner & transaction history

Zoning & alternative use

CS · Ashaway, RI

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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