Conventional Restaurant with Full-Service
For Sale
$385,000
373 Taunton Avenue, Seekonk, MA 02771
Fully equipped kitchen, dining room, bar, and on-site parking support continued restaurant operations.
Property Size2,002 SF
Price / SF$350
Days on Market50
Property Features for 373 Taunton Avenue
General Information
Standard status
Active
Size
2,002 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Restaurant
Equipment Included
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Building Details
Building Size
2,002 SF
Year Built
2002
Listing Agency:
Noble Realty NE
(508) 262-8618
Listed By:
Ashley Ferris
(401) 454-9192
Source:
Iverty
Added: Aug 18
Changed: Oct 6
Last Checked: Oct 5 at 7:32PM
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 Noble Realty NE
Investment Insights
Based on property information with market context.
This conventional restaurant property includes approximately 1,100± sq. ft. of space with a dining room, full-service bar, and fully equipped kitchen. The layout supports an existing restaurant operation, with the option to continue serving American, Portuguese, and Greek cuisine or introduce a different concept. A transferable liquor license and on-site parking are included. The building was constructed in 2002.
Located at 373 Taunton Avenue in Seekonk, Massachusetts, the property occupies a high-visibility position along Taunton Avenue. The site offers access to major highways and connects conveniently with both Massachusetts and Rhode Island. Its established commercial-corridor setting and restaurant configuration provide a defined operating framework for a food-service user.
Located at 373 Taunton Avenue in Seekonk, Massachusetts, the property occupies a high-visibility position along Taunton Avenue. The site offers access to major highways and connects conveniently with both Massachusetts and Rhode Island. Its established commercial-corridor setting and restaurant configuration provide a defined operating framework for a food-service user.
Key Highlights
- Approximately 1,100± sq. ft. of restaurant space
- Fully equipped kitchen with dining room and full‑service bar
- Transferable liquor license
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,523
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,460
$290.5K
Cap Rate 7%
$207,471
$207.5K
Cap Rate 9%
$161,367
$161.4K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$19.8K $18.00/SF
− Vacancy
−$436 −$0.40/SF
EGI
$19.4K $17.60/SF
− OpEx
−$4.8K −$4.40/SF
NOI
$14.5K $13.20/SF
Area
Bristol County, MA
Vacancy
2.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,460
Cap Rate 7%
$207,471
Cap Rate 9%
$161,367
Alternative Uses
Best Use
Specialty Retail
$207.5K
$181.5K – $242.1K
NOI $14,523 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$669.9K
$586.2K – $781.5K
NOI $46,892 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
49k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 41%
Dining 25%
Shops & Services 23%
Hotels & Casinos 10%
Price Rite
Groceries
19,848 visits/mo
0.5 miles
Dunkin' Donuts
Dining
7,520 visits/mo
0.4 miles
BP
Shops & Services
6,566 visits/mo
0.1 miles
Ramada by Wyndham Seekonk Providence Area
Hotels & Casinos
5,056 visits/mo
0.3 miles
Honey Dew Donuts
Dining
4,815 visits/mo
0.1 miles
Demographics for 02771, MA
15,512
Population
6,324
Households
2.5
Avg Household Size
45
Median Age
43%
College-Educated
92%
High-School Grad
18.4 sq mi
ZIP Area
843
Density / Sq Mi
$116,310
Median Household Income
$59,600
Median Earnings
$1,808
Median Rent
$461,600
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 - Fully equipped kitchen, dining room, bar, and on-site parking support continued restaurant operations.
Where is this conventional restaurant located?
The property is located at 373 Taunton Avenue Seekonk, MA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Approximately 1,100± sq. ft. of restaurant space; Fully equipped kitchen with dining room and full‑service bar; Transferable liquor license
