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West Warwick Restaurant Opportunity
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52 Providence Street, West Warwick, RI 02893

Established restaurant with seating for 150 and ample parking.

Property Size2,400 SF
Lot Size1.00 Acre
Price / SF$4.17
Days on Market806

Property Features for 52 Providence Street

General Information

Standard status Active
Size 2,400 SF
Total Parking Spaces 80
Lot size 1.00 Acre
Property subtype Land, Retail

Building Details

Year Built 1965
Buildings 1
Stories 2
Listing Agency: Circle 100 Real Estate
Listed By: Shuman Hsia
Source: Crexi
Added: Jun 8, 2024 Changed: Aug 8 Last Checked: Aug 22 at 4:17AM

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 Circle 100 Real Estate

Investment Insights

Based on property information with market context.

This property, situated on almost an acre of land in a densely populated residential and business district of West Warwick, features a Chinese American restaurant that has been in operation since 1984. The restaurant underwent renovations in 2020, and offers 150 seats and 80 parking spaces. It also has a full liquor license. The property abuts the Washington Secondary Bike Trail, presenting additional business opportunities. A full basement provides over 2400 square feet of storage space.

Key Highlights

  • Established Restaurant: Operating since 1984 with a proven track record of customer service.
  • Recent Renovation: Fully renovated in 2020 with updates and upgrades.
  • High Capacity: 150 seating capacity and 80 parking spaces.

Property Analytics

Current Use

ATM Atm House of Wu 胡家園 Restaurant

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Spa & Massage Center HVAC Service Cafe & Coffee Shop Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

604
Businesses Nearby
59k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 54% Dining 30% Groceries 16%
Dunkin' Donuts Dining
13,252 visits/mo 0.5 miles
Dollar Tree Shops & Services
10,691 visits/mo 0.1 miles
Jerry's Supermarket IGA Groceries
9,410 visits/mo 0.2 miles
Shell Shops & Services
8,674 visits/mo 0.1 miles
Family Dollar Shops & Services
6,609 visits/mo 0.4 miles

Demographics for 02893, RI

31,030
Population
15,103
Households
2.1
Avg Household Size
41
Median Age
25%
College-Educated
90%
High-School Grad
7.8 sq mi
ZIP Area
3,978
Density / Sq Mi
$73,903
Median Household Income
$49,087
Median Earnings
$1,249
Median Rent
$293,100
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Established restaurant with seating for 150 and ample parking.
Where is this conventional restaurant located?
The property is located at 52 Providence Street West Warwick, RI.
What are key features of this property?
This property features: Established Restaurant: Operating since 1984 with a proven track record of customer service.; Recent Renovation: Fully renovated in 2020 with updates and upgrades.; High Capacity: 150 seating capacity and 80 parking spaces.
(401) 227-7501 Call to check price and availability
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