Turn-Key Restaurant with Liquor
For Sale
$1,400,000
275 Child St, Warren, RI 02885
Restaurant for sale with real estate and liquor license.
Property Size5,200 SF
Price / SF$269.23
Days on Market202
Property Features for 275 Child St
General Information
Standard status
Active
Size
5,200 SF
Building Details
Year Built
1960
Listing Agency:
RE/MAX Legacy
Listed By:
Kade Phillips · License #9561525
(617) 712-5582
Source:
Alpernandmesenbourg
Added: Mar 26
Changed: Oct 6
Last Checked: Oct 12 at 10:03PM
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 RE/MAX Legacy
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,294
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,845,880
$1.8M
Cap Rate 7%
$1,318,486
$1.3M
Cap Rate 9%
$1,025,489
$1.0M
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$127.9K $24.60/SF
− Vacancy
−$4.9K −$0.93/SF
EGI
$123.1K $23.67/SF
− OpEx
−$30.8K −$5.92/SF
NOI
$92.3K $17.75/SF
Area
Bristol County, RI
Vacancy
3.80%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,845,880
Cap Rate 7%
$1,318,486
Cap Rate 9%
$1,025,489
Alternative Uses
Best Use
Specialty Retail
$1.32M
$1.15M – $1.54M
NOI $92,294 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,778 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
6,931 visits/mo
0.3 miles
Cumberland Farms
Shops & Services
5,543 visits/mo
0.4 miles
Bank of America
Shops & Services
3,239 visits/mo
0.5 miles
Prime Storage
Shops & Services
264 visits/mo
0.2 miles
Demographics for 02885, RI
11,147
Population
5,546
Households
2
Avg Household Size
47
Median Age
36%
College-Educated
90%
High-School Grad
6.2 sq mi
ZIP Area
1,798
Density / Sq Mi
$89,722
Median Household Income
$53,980
Median Earnings
$1,253
Median Rent
$363,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
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 St Warren, RI.
What is the asking price?
The asking price for this property is $1,400,000.
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
