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Established Bar and Real Estate

245 Washington Street, West Warwick, RI 02893

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For Sale

$799,000

Well-run bar/lounge with real estate and full liquor license.

Type:Commercial

Property size:

4,000 SF

Price / SF:

$199/SF

HighLights

Business, Real Estate & Inventory Included: Acquire a fully operational business along with the property.
Established Business (L.A. Cafe): Long‑standing local business with a great client base.
4,000+ SF Commercial Building: Well‑maintained building operating as a bar/lounge/billiard hall.
Full Liquor License & Commercial Kitchen: Equipped for immediate operation.
Highly Visible Corner Lot with Ample Parking: Prime location with excellent visibility.
Recent Updates & Young Roof: The property features a recently updated structure.

We can help!

Listing Contact

Michael Russo

Learn more

For Sale

$799,000

Well-run bar/lounge with real estate and full liquor license.

Type:Commercial

Property size:

4,000 SF

Price / SF:

$199/SF

Added:: Jul 20, 2025
Days on Market:: 331
Last Refresh:: Apr 25 at 6:33 am

Property Features for 245 Washington Street

General Information

Standard status: Active
Size: 4,000 SF
Property subtype: Commercial

Building Details

Year Built: 1920

We can help!

Listing Contact

Michael Russo

Listing agent Michael Russo License #REB.0017244

Listing office RI Real Estate Services

Listing date Jul 20, 2025

Source Liongatere

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

Business, Real Estate & Inventory Included: Acquire a fully operational business along with the property.
Established Business (L.A. Cafe): Long‑standing local business with a great client base.
4,000+ SF Commercial Building: Well‑maintained building operating as a bar/lounge/billiard hall.
Full Liquor License & Commercial Kitchen: Equipped for immediate operation.
Highly Visible Corner Lot with Ample Parking: Prime location with excellent visibility.
Recent Updates & Young Roof: The property features a recently updated structure.

Overview

This offering includes a business, real estate, and inventory. The real estate features a commercial building exceeding 4,000 square feet, currently operating as a bar, lounge, and billiard hall. It is equipped with a full commercial kitchen, walk-in refrigerator, and a sound system suitable for live music or a DJ. The property is situated on a highly visible corner lot and provides ample parking. It is connected to public utilities, including water, sewer, and gas. Additional features include a relatively new roof, recent updates, and compliance with fire codes. The business, L.A Cafe, has been a local establishment for many years and possesses a full liquor license and a solid client base. There is potential for increased sales. The property reflects pride of ownership.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$96.0k	$24.00
− Vacancy	−$2.5k	−$0.62
EGI	$93.5k	$23.38
− OpEx	−$23.4k	−$5.84
NOI	$70.1k	$17.53

4,000 SF · lease $24.00/SF/yr · vacancy 2.60% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.00M

$876.6K – $1.17M (±1% cap)

NOI $70,128 @ 7.0% cap · market cap 8.78%

Second Best

—

no second resolved use

Theoretical Best

—

same as Best Use

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

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 Street

What type of property is this?

Bar & Pub - Well-run bar/lounge with real estate and full liquor license.

Where is this bar & pub located?

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

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: Business, Real Estate & Inventory Included: Acquire a fully operational business along with the property.; Established Business (L.A. Cafe): Long‑standing local business with a great client base.; 4,000+ SF Commercial Building: Well‑maintained building operating as a bar/lounge/billiard hall.