Fully Equipped Restaurant with Liquor
48 School Lincoln, RI 02802
48 School, Lincoln, RI, 02802
$799,900
For Sale
$799,900
Turnkey Lincoln restaurant operation offered with liquor license and included FF&E.
Property Size3,223 SF
Price / SF$248.18
Days on Market15
Property Features for 48 School
General Information
- Standard status
- Active
- Size
- 3,223 SF
Building Details
- Year Built
- 1949
Listing agency
HomeSmart Professionals Real Estate
Listed by
Michael Alves
Source
Laerrealty
Added: Jul 7 Updated: Jul 10 at 2:13PM Checked: Jul 19 at 2:56AM
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 HomeSmart Professionals Real Estate
Investment Insights
Based on property information with market context.
This fully functional restaurant property is offered for sale as a Lincoln, RI business and real estate package. The listing includes approximately 3,223 SF of restaurant space and a liquor license. All furnishings, fixtures, and equipment (FF&E) are included, allowing an operator to transition with minimal downtime. Additional details are available upon signing an NDA, as further disclosures are restricted.
The property is located at 48 School in Lincoln, RI 02802. The sale is structured to include both the operating components and the real estate, which can simplify planning for qualified buyers seeking a ready-to-run restaurant concept.
For buyers evaluating a turnkey restaurant purchase, the combination of a liquor license, included FF&E, and a fully functional setup is the key consideration. This offering is also appropriate for investors or experienced operators who want the option to take over an operating restaurant with the major in-place items already accounted for, subject to NDA and any diligence requirements outlined during the process.
The property is located at 48 School in Lincoln, RI 02802. The sale is structured to include both the operating components and the real estate, which can simplify planning for qualified buyers seeking a ready-to-run restaurant concept.
For buyers evaluating a turnkey restaurant purchase, the combination of a liquor license, included FF&E, and a fully functional setup is the key consideration. This offering is also appropriate for investors or experienced operators who want the option to take over an operating restaurant with the major in-place items already accounted for, subject to NDA and any diligence requirements outlined during the process.
Key Highlights
- Lincoln restaurant operation with liquor license included
- 3,223 SF restaurant building
- All FF&E included
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 | $58.0k | $18.00 |
| − Vacancy | −$6.0k | −$1.85 |
| EGI | $52.1k | $16.15 |
| − OpEx | −$13.0k | −$4.04 |
| NOI | $39.0k | $12.11 |
3,223 SF · lease $18.00/SF/yr · vacancy 10.28% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$557.7K
$488.0K – $650.6K
NOI $39,038 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$766.6K
$670.8K – $894.4K
NOI $53,664 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Miller's Tavern
Bar & Pub
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Turnkey Lincoln restaurant operation offered with liquor license and included FF&E.
Where is this conventional restaurant located?
The property is located at 48 School Lincoln, RI.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Lincoln restaurant operation with liquor license included; 3,223 SF restaurant building; All FF&E included
