Restaurant with Kitchen
405 Church Street, Burrillville, RI 02859
For Sale
$650,000
The sale combines the operating restaurant business with its real estate, furnishings, coolers, and walk-in units.
Property Size3,210 SF
Price / SF$202.49
Days on Market362
Property Features for 405 Church Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Restaurant
Seating Capacity
Equipment Included
Additional Details
Furnished
Business Included
Currently Operating
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
RE/MAX Properties
(401) 232-3900
Listed By:
Kristen Moore · License #REB.0016767
(401) 413-6907
Source:
Berettarealty
Added: Nov 11, 2025
Changed: Nov 7
Last Checked: Nov 6 at 2:24PM
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 Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This operating restaurant property includes a 3,210-square-foot building constructed in 1963. The dining room accommodates approximately 90 guests, with service configured for both on-premises dining and takeout. The sale encompasses the business and real estate, along with furniture, fixtures, kitchen equipment, coolers, and walk-in units. Updated restrooms and an active liquor license are also part of the offering.
Key Highlights
- 3,210‑square‑foot restaurant building constructed in 1963
- Approximately 90 guest seats, with dine‑in and takeout service
- Sale includes the operating business and real estate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,880
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$777,600
$777.6K
Cap Rate 7%
$555,429
$555.4K
Cap Rate 9%
$432,000
$432.0K
Market Conditions
NOI Build-Up for 3,210 SF
Gross rent
$57.8K $18.00/SF
− Vacancy
−$5.9K −$1.85/SF
EGI
$51.8K $16.15/SF
− OpEx
−$13.0K −$4.04/SF
NOI
$38.9K $12.11/SF
Area
Providence County, RI
Vacancy
10.28%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$777,600
Cap Rate 7%
$555,429
Cap Rate 9%
$432,000
Alternative Uses
Best Use
Specialty Retail
$555.4K
$486.0K – $648.0K
NOI $38,880 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$763.5K
$668.1K – $890.8K
NOI $53,448 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02859, RI
6,701
Population
2,465
Households
2.7
Avg Household Size
42
Median Age
23%
College-Educated
94%
High-School Grad
27.6 sq mi
ZIP Area
243
Density / Sq Mi
$118,662
Median Household Income
$43,417
Median Earnings
$1,223
Median Rent
$361,600
Median Home Value
Market
Average Price Trend$/SF for Conventional restaurants in Providence County, RI
Properties on Market for Conventional restaurants in Providence County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The sale combines the operating restaurant business with its real estate, furnishings, coolers, and walk-in units.
Where is this conventional restaurant located?
The property is located at 405 Church Street Burrillville, RI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,210‑square‑foot restaurant building constructed in 1963; Approximately 90 guest seats, with dine‑in and takeout service; Sale includes the operating business and real estate
