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Turn-Key Restaurant with Liquor License

275 child Street Warren, RI 02885

275 child Street, Warren, RI, 02885
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For Sale
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Restaurant for sale with real estate and liquor license.

Property Size5,200 SF
Price / SF$288.46
AddedNov 14, 2024
Days on Market608
Last RefreshJul 13 at 4:00 am

Property Features for 275 child Street

General Information

Standard status
Active
Size
5,200 SF
Property subtype
Land, Retail

Building Details

Year Built
1960

Listing office The Network

Listing date Nov 14, 2024

Source Crexi

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 The Network


Investment Insights

Based on property information with market context.

This is a turn-key, full-service restaurant for sale, including the real estate and a liquor license. The property offers an opportunity to establish a business in an area that needs one. The restaurant spans 5,200 square feet and includes outdoor seating. The seating options include a venue room accommodating 125 guests, a main dining area for 60 guests, and a lounge for 40 guests. It is equipped with high-end equipment and is suited for both regular diners and private events. There are over 30 dedicated parking spaces available. It is also an excellent opportunity for a restaurant owner looking to expand their brand. The restaurant offers full liquor service and an outdoor experience.

Key Highlights

  • Includes Real Estate and Liquor License
  • Turn‑key, Fully Equipped Restaurant
  • High‑Capacity: Accommodates 225+ Guests in Venue, Dining, and Lounge areas

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $127.9k $24.60
− Vacancy −$4.9k −$0.93
EGI $123.1k $23.67
− OpEx −$30.8k −$5.92
NOI $92.3k $17.75
5,200 SF · lease $24.60/SF/yr · vacancy 3.80% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$1.32M
$1.15M – $1.54M (±1% cap)
NOI $92,294 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M (±1% cap)
NOI $121,778 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Mr. Chicken Warren Restaurant

Suggested Use

Real Estate Agency Law Firm Dental Office Grocery & Convenience Store HVAC Service Garden Center Auto Parts Store Parking Lot & Garage Daycare Center Carpet & Flooring Store

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

FAQs

What type of property is this?
Conventional restaurant - Restaurant for sale with real estate and liquor license.
Where is this conventional restaurant located?
The property is located at 275 child Street Warren, RI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Includes Real Estate and Liquor License; Turn‑key, Fully Equipped Restaurant; High‑Capacity: Accommodates 225+ Guests in Venue, Dining, and Lounge areas
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