Built-Out Restaurant With
New
For Sale
Contact for pricing
719 Front Street, Woonsocket, RI 02895
Existing dining, kitchen, and beverage-service improvements support continued restaurant operations or a new concept.
Property Size2,000 SF
Price / SF$65
Days on Market5
Property Features for 719 Front Street
General Information
Standard status
Active
Size
2,000 SF
Class
C
Property subtype
Retail, Business for Sale
Additional Details
Furnished
Yes
Asking Price
$130,000
Equipment Included
Yes
Listing Agency:
Real Broker MA LLC
Listed By:
Jacob Belt · License #MA, 9580840
Source:
Crexi
Added: Aug 7
Changed: Aug 11
Last Checked: Aug 11 at 7:29AM
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 Real Broker MA LLC
Investment Insights
Based on property information with market context.
This 2,000-square-foot restaurant asset includes a dining room, commercial kitchen, bar area, furniture, fixtures, equipment, and leasehold improvements. The existing build-out supports restaurant and beverage-service operations, with infrastructure already in place for an incoming operator. The asset sale includes the restaurant’s operational equipment and dining furnishings rather than a vacant shell.
The property is located at 719 Front Street in Woonsocket, Rhode Island, with customer parking and access from Front Street. The premises have been used for Caribbean and Latin-inspired cuisine and include a setting described for lunch, dinner, cocktails, and private events. An incoming operator may continue the existing concept or introduce a different restaurant offering.
The property is located at 719 Front Street in Woonsocket, Rhode Island, with customer parking and access from Front Street. The premises have been used for Caribbean and Latin-inspired cuisine and include a setting described for lunch, dinner, cocktails, and private events. An incoming operator may continue the existing concept or introduce a different restaurant offering.
Key Highlights
- 2,000 SF restaurant asset at 719 Front Street, Woonsocket, RI 02895
- Dining room, commercial kitchen, and bar area included
- Furniture, fixtures, equipment, and leasehold improvements convey
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,437
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$208,740
$208.7K
Cap Rate 7%
$149,100
$149.1K
Cap Rate 9%
$115,967
$116.0K
Market Conditions
NOI Build-Up for 2,000 SF
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.
Gross rent
$15.0K $7.50/SF
− Vacancy
−$90 −$0.05/SF
EGI
$14.9K $7.46/SF
− OpEx
−$4.5K −$2.24/SF
NOI
$10.4K $5.22/SF
Area
Providence County, RI
Vacancy
0.60%
Lease Rate
$7.50 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$208,740
Cap Rate 7%
$149,100
Cap Rate 9%
$115,967
Alternative Uses
Best Use
Specialty Retail
$346.1K
$302.8K – $403.7K
NOI $24,224 @ 7.0% cap · market cap 18.63%
Second Best
Industrial
$149.1K
$130.5K – $174.0K
NOI $10,437 @ 7.0% cap · market cap 8.03%
Theoretical Best
Multifamily LT 5
$475.7K
$416.3K – $555.0K
NOI $33,301 @ 7.0% cap · market cap 25.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
756
Businesses Nearby
27k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Dining 35%
Electronics 3%
Cumberland Farms
Shops & Services
12,464 visits/mo
0.2 miles
Dunkin' Donuts
Dining
9,444 visits/mo
0.2 miles
Citgo
Shops & Services
2,954 visits/mo
0.3 miles
Logee Street Convenience
Shops & Services
1,594 visits/mo
0.3 miles
Metro by T-Mobile
Electronics
914 visits/mo
0.3 miles
Demographics for 02895, RI
43,269
Population
19,443
Households
2.2
Avg Household Size
38
Median Age
19%
College-Educated
82%
High-School Grad
7.8 sq mi
ZIP Area
5,547
Density / Sq Mi
$58,579
Median Household Income
$40,929
Median Earnings
$1,116
Median Rent
$267,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing dining, kitchen, and beverage-service improvements support continued restaurant operations or a new concept.
Where is this conventional restaurant located?
The property is located at 719 Front Street Woonsocket, RI.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: 2,000 SF restaurant asset at 719 Front Street, Woonsocket, RI 02895; Dining room, commercial kitchen, and bar area included; Furniture, fixtures, equipment, and leasehold improvements convey
