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    Former Restaurant Near Airport Title is generated by Realmo AI

    667 Airport Rd, Warwick, RI

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    Turnkey restaurant opportunity with highway access near T.F. Green Airport.

    Type:RETAIL
    Property size:
    5,602 SF
    Lot size:
    0.46 Acres
    Price / SF:
    $214/SF
    Added:
    Jun 4, 2025
    Days on Market:
    399
    Last Refresh:
    May 20 at 8:55 pm

    Property Features for 667 Airport Rd

    General Information

    Standard status
    Active
    Size
    5,602 SF
    Lot size
    0.46 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 667 Airport Rd Contact us

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    David T. Lucivero

    Listing office Hayes & Sherry

    Listing date Jun 4, 2025

    Source Moodyscre

    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 Hayes & Sherry

    HighLights

    • Turnkey restaurant with full kitchen ready for immediate use
    • Exceptional highway access
    • Excellent traffic counts
    • Located on Airport Road @ T.F. Green International Airport
    • Former Hooter's Restaurant
    • Property is For Sale or For Lease

    Overview

    This property, formerly a Hooter's restaurant, is located on Airport Road near T.F. Green International Airport. The property is a turnkey restaurant with a full kitchen. It offers exceptional highway access and experiences excellent traffic counts. The property is available for sale.

    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 $134.4k $24.00
    − Vacancy −$3.5k −$0.62
    EGI $131.0k $23.38
    − OpEx −$32.7k −$5.84
    NOI $98.2k $17.53
    5,602 SF · lease $24.00/SF/yr · vacancy 2.60% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $1.40M
    $1.23M – $1.64M (±1% cap)
    NOI $98,214 @ 7.0% cap · market cap 8.18%
    Second Best
    Retail
    $1.03M
    $905.2K – $1.21M (±1% cap)
    NOI $72,417 @ 7.0% cap · market cap 6.03%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hooters of Warwick Restaurant

    Suggested Use

    Real Estate Agency Storage Facility Pharmacy Grocery & Convenience Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Garden Center Nail Salon Cafe & Coffee Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Emery's Catering Services — 425 Pavilion Ave, Warwick, RI 02888
    • Chelo's Banquets and Catering — 2209 Post Rd, Warwick, RI 02886
    • Edible Creations by Gerry — 335 Jefferson Blvd, Warwick, RI 02888

    Location Insight

    • Map
    • Local Demand
    City
    Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.4315
    Latitude
    41.733

    FAQs

    What type of property is this?
    Restaurant - Turnkey restaurant opportunity with highway access near T.F. Green Airport.
    Where is this restaurant located?
    The property is located at 667 Airport Rd Warwick, RI.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Turnkey restaurant with **full kitchen ready for immediate use**; Exceptional highway access; Excellent traffic counts
    (401) 273-1980 Call to check price and availability
    More about this property
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