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Established Bar/Lounge with Real Estate

245 Washington, West Warwick, RI 02893

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For Sale

$899,000

Well-run business with real estate on a highly visible corner.

Property size:

4,023 SF

Price / SF:

$223/SF

HighLights

Well‑established, locally owned and operated business (L.A. Cafe) with real estate included.
Highly visible corner lot with ample parking.
4,000+ SF commercial building with bar/lounge/billiard hall setup.
Full liquor license and full commercial kitchen included.
Recent updates, young roof, and fire coded.
All public utilities (water/sewer/gas) available.

We can help!

Contact an agent

MICHAEL RUSSO

For Sale

$899,000

Well-run business with real estate on a highly visible corner.

Property size:

4,023 SF

Price / SF:

$223/SF

Added:: Sep 30, 2025
Days on Market:: 271
Last Refresh:: Mar 16 at 11:02 am

Property Features for 245 Washington

General Information

Standard status: Active
Size: 4,023 SF

Building Details

Year Built: 1920

We can help!

Contact an agent

MICHAEL RUSSO

Listing office RI REAL ESTATE SERVICES

Listing date Sep 30, 2025

Source Corcoran

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 RI REAL ESTATE SERVICES

HighLights

Well‑established, locally owned and operated business (L.A. Cafe) with real estate included.
Highly visible corner lot with ample parking.
4,000+ SF commercial building with bar/lounge/billiard hall setup.
Full liquor license and full commercial kitchen included.
Recent updates, young roof, and fire coded.
All public utilities (water/sewer/gas) available.

Overview

This offering includes both a business and real estate, presenting a rare opportunity to acquire a locally owned and operated establishment along with its well-maintained property. The real estate is situated on a highly visible corner lot with ample parking. The property features a commercial building with over 4,000 square feet, currently operating as a bar, lounge, and billiard hall. It is equipped with a full commercial kitchen, a walk-in refrigerator, and a sound system suitable for live music or a DJ. The real estate is serviced by all public utilities, including water, sewer, and gas. The building has a relatively new roof, recent updates, and is fire coded. The business, referred to as L.A Cafe, has been a local fixture for many years and possesses a full liquor license and a solid client base. The business has a full commercial kitchen and offers potential for increased sales. The property is located in West Warwick, RI.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$96.6k	$24.00
− Vacancy	−$2.5k	−$0.62
EGI	$94.0k	$23.38
− OpEx	−$23.5k	−$5.84
NOI	$70.5k	$17.53

4,023 SF · lease $24.00/SF/yr · vacancy 2.60% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.01M

$881.6K – $1.18M (±1% cap)

NOI $70,531 @ 7.0% cap · market cap 7.85%

Second Best

—

no second resolved use

Theoretical Best

—

same as Best Use

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

L a Cafe Bar & Pub

Suggested Use

Similar Places Nearby

Bee’s Mobile Bartending LLC — Mobile Location, West Warwick, RI 02893
JW's PUB — 433 Washington St, Coventry, RI 02816
Boneheads Wing Bar — 131 Washington St, West Warwick, RI 02893
Borowski's Cafe — 1626 Main St, West Warwick, RI 02893
Hour Bar — 1193 Main St, West Warwick, RI 02893

Location Insight

Map
Local Demand

City: West Warwick
County: Kent
State: Rhode Island
Longitude: -71.5287435
Latitude: 41.7005808

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For sale
Bars & Pubs
RI
West Warwick
02893
245 Washington

What type of property is this?

Bar & Pub - Well-run business with real estate on a highly visible corner.

Where is this bar & pub located?

The property is located at 245 Washington West Warwick, RI.

What is the asking price?

The asking price for this property is $899,000.

What are key features of this property?

This property features: Well‑established, locally owned and operated business (L.A. Cafe) with real estate included.; Highly visible corner lot with ample parking.; 4,000+ SF commercial building with bar/lounge/billiard hall setup.