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Freestanding Restaurant Building
For Sale
Contact for pricing
Pending

553 Hope Street, Bristol, RI 02809

Freestanding downtown restaurant building with an in-place commercial kitchen and equipment included.

Property SizeContact for details
Days on Market142

Property Features for 553 Hope Street

General Information

Standard status Pending
Property subtype Retail, Office

Additional Details

Business Included Yes
Listing Agency: William Raveis Real Estate
Listed By: Tery Pedro Matrone · License #MA
Source: Crexi
Added: Apr 11 Changed: Aug 27 Last Checked: Aug 29 at 12:33PM

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 William Raveis Real Estate

Investment Insights

Based on property information with market context.

This freestanding building is currently set up as a restaurant and includes all commercial kitchen equipment. The space is designed for food service use, and the layout could also be adapted for office or retail, depending on the tenant’s requirements.

Located on a busy street in downtown Bristol, the property benefits from high foot traffic.

If you’re looking for an established food-service site with included kitchen equipment and the flexibility to reconfigure for another commercial use, this property is worth a look.

Key Highlights

  • Free‑standing downtown Bristol commercial restaurant building
  • In‑place commercial kitchen setup with kitchen equipment included
  • Currently set up as a restaurant, with potential to transform into office or retail space

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Dental Office Accounting Firm Garden Center Parking Lot & Garage (Bike/Boat/Book/etc) Store Building Supply

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

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

705
Businesses Nearby
Under-served
Demand for This Use

Demographics for 02809, RI

22,493
Population
9,670
Households
2.3
Avg Household Size
44
Median Age
46%
College-Educated
92%
High-School Grad
9.8 sq mi
ZIP Area
2,295
Density / Sq Mi
$96,005
Median Household Income
$41,266
Median Earnings
$1,352
Median Rent
$447,500
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 - Freestanding downtown restaurant building with an in-place commercial kitchen and equipment included.
Where is this conventional restaurant located?
The property is located at 553 Hope Street Bristol, RI.
What are key features of this property?
This property features: Free‑standing downtown Bristol commercial restaurant building; In‑place commercial kitchen setup with kitchen equipment included; Currently set up as a restaurant, with potential to transform into office or retail space
More about this property
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