Turn-Key Restaurant Near
For Sale
$2,200,000
2099 Post, Warwick, RI 02886
Restaurant property with 300-person capacity and 85 parking spaces.
Property Size9,093 SF
Price / SF$241.94
Days on Market217
Property Features for 2099 Post
General Information
Standard status
Active
Size
9,093 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$46,908
Amenities
Central air
Central Air Cooling
Forced Air Heating
Building Details
Year Built
1970
Listing Agency:
COMPASS
(401) 274-1644
Listed By:
THE BLACKSTONE TEAM · License #1999023818
(404) 668-6621
Source:
Corcoran
Added: Mar 2
Changed: Aug 24
Last Checked: Aug 25 at 3:56AM
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 COMPASS
Investment Insights
Based on property information with market context.
This turn-key restaurant property, located at 2099 Post Rd in Warwick, offers an opportunity for immediate operation. The venue has a capacity of 300 people and includes 85 dedicated parking spaces, with overflow parking available. The sale encompasses the existing business and all equipment, facilitating a quick transition for the new owner. The property's location is near the airport. This property is suitable for hosting events, establishing a franchise, or creating a local dining establishment.
Key Highlights
- Turn‑key restaurant property including the existing business and all equipment.
- High‑capacity venue: Accommodates up to 300 people.
- Excellent location: Close proximity to the airport.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$159,418
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,188,360
$3.2M
Cap Rate 7%
$2,277,400
$2.3M
Cap Rate 9%
$1,771,311
$1.8M
Market Conditions
NOI Build-Up for 9,093 SF
Gross rent
$218.2K $24.00/SF
− Vacancy
−$5.7K −$0.62/SF
EGI
$212.6K $23.38/SF
− OpEx
−$53.1K −$5.84/SF
NOI
$159.4K $17.53/SF
Area
Kent County, RI
Vacancy
2.60%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,188,360
Cap Rate 7%
$2,277,400
Cap Rate 9%
$1,771,311
Alternative Uses
Best Use
Specialty Retail
$2.28M
$1.99M – $2.66M
NOI $159,418 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
787
Businesses Nearby
94k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Dining 31%
Hotels & Casinos 28%
Home Improvements & Furnishings 2%
Wendy's
Dining
18,711 visits/mo
0.3 miles
Sunoco
Shops & Services
15,542 visits/mo
0.2 miles
Shell
Shops & Services
11,482 visits/mo
0.2 miles
Hampton Inn & Suites Providence/Warwick-Airport
Hotels & Casinos
6,403 visits/mo
0.1 miles
Fairfield Inn & Suites by Marriott Providence Airport Warwick
Hotels & Casinos
6,291 visits/mo
0.4 miles
Demographics for 02886, RI
29,373
Population
13,669
Households
2.1
Avg Household Size
47
Median Age
37%
College-Educated
93%
High-School Grad
15.8 sq mi
ZIP Area
1,859
Density / Sq Mi
$91,037
Median Household Income
$52,851
Median Earnings
$1,300
Median Rent
$334,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Chelo's Banquets and Catering — 2209 Post Rd, Warwick, RI 02886
- Eurest Dining Services — 475 Kilvert St #150, Warwick, RI 02886
Frequently Asked Questions
What type of property is this?
Restaurant - Restaurant property with 300-person capacity and 85 parking spaces.
Where is this restaurant located?
The property is located at 2099 Post Warwick, RI.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Turn‑key restaurant property including the existing business and all equipment.; High‑capacity venue: Accommodates up to 300 people.; Excellent location: Close proximity to the airport.
