Breakfast Restaurant with
804 Park Ave Woonsocket, RI 02895
804 Park Ave, Woonsocket, RI, 02895
$699,999
For Sale
$699,999
Well-established breakfast and lunch restaurant seats 43, with two upper-level apartments and a rear storage facility.
Property Size2,805 SF
Price / SF$249.55
Days on Market294
Property Features for 804 Park Ave
General Information
- Standard status
- Active
- Size
- 2,805 SF
- Property subtype
- Business Opportunity
Listing agency
CrossRoads Real Estate Group
(401) 766-7545
Listed by
Jill Brady
(401) 766-7545
Source
Exprealty
Added: Oct 3, 2025 Updated: Jul 22 at 2:14AM Checked: Jul 22 at 2:14AM
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 CrossRoads Real Estate Group
Investment Insights
Based on property information with market context.
Located at 804 Park Avenue in Woonsocket, RI, this 7-days-a-week breakfast and lunch restaurant has been operating for more than 50 years. The dining room seats 43, and the property is described as having updated equipment and being fire coded. In addition to the restaurant, there are two apartments on the upper levels generating $1,925 per month in income.
Ample on-street parking is available along high-traffic Park Avenue. An additional 952-square-foot storage facility with a loading platform is located on the rear of the building.
The current owner is planning to retire upon sale, presenting an opportunity to own an operating restaurant alongside residential income and on-site storage.
Ample on-street parking is available along high-traffic Park Avenue. An additional 952-square-foot storage facility with a loading platform is located on the rear of the building.
The current owner is planning to retire upon sale, presenting an opportunity to own an operating restaurant alongside residential income and on-site storage.
Key Highlights
- Established breakfast and lunch restaurant operating for over 50 years, open 7 days per week
- Restaurant seats 43 with ample on‑street parking on high‑traffic Park Avenue
- Updated equipment and fire coded
Local Financial Insights For Multifamily LT 5
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 | $71.4k | $25.44 |
| − Vacancy | −$4.6k | −$1.65 |
| EGI | $66.7k | $23.79 |
| − OpEx | −$20.0k | −$7.14 |
| NOI | $46.7k | $16.65 |
2,805 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$667.2K
$583.8K – $778.4K
NOI $46,705 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$529.5K
$463.3K – $617.8K
NOI $37,067 @ 7.0% cap · market cap 5.30%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Debbie's Breakfast Place
Restaurant
Park Avenue Spa
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Al's Place — 134 Providence St, Woonsocket, RI 02895
- Debbie's Breakfast Place — 804 Park Ave, Woonsocket, RI 02895
- Main Street Cafe — 85 Main St, Woonsocket, RI 02895
FAQs
What type of property is this?
Breakfast & diner - Well-established breakfast and lunch restaurant seats 43, with two upper-level apartments and a rear storage facility.
Where is this breakfast & diner located?
The property is located at 804 Park Ave Woonsocket, RI.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Established breakfast and lunch restaurant operating for over 50 years, open 7 days per week; Restaurant seats 43 with ample on‑street parking on high‑traffic Park Avenue; Updated equipment and fire coded
