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    275 Child St Warren, RI 02885

    Sponsored
    For Sale
    $1,500,000

    Prime RI Restaurant, Liquor License Included

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional opportunity to acquire a thriving restaurant and its accompanying real estate in Warren, Rhode Island. This turnkey establishment, built in 1960, boasts a substantial 5,200 square foot building situated on a generous 23,375 square foot lot. The property includes a fully equipped commercial kitchen and ample seating for approximately 225 guests, divided between a main dining area (60 seats), a lounge (40 seats), and a dedicated venue room capable of hosting 125 guests. The restaurant also features desirable outdoor seating and over 30 dedicated parking spaces, ensuring convenience for patrons. A valuable liquor license is included in the sale price of $1,500,000. This property presents an ideal opportunity for an established restaurant owner looking to expand or a new entrepreneur seeking to establish a landmark business in a vibrant community. The well-maintained building and its high-end equipment are ready for immediate operation, minimizing start-up costs and maximizing potential returns. The expansive lot size offers significant potential for future expansion or development. This is a rare chance to acquire a fully operational restaurant with a proven track record and significant growth potential. The address is 275 Child Street, Warren, RI 02885.

    Property Features for 275 Child St

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1960
    Buildings
    1

    HighLights

    • $1,500,000 asking price.
    • 23,375 SF lot.
    • 5,200 SF restaurant building.
    • 1960 construction.
    • Includes liquor license.
    • Seating for 225 (125 venue, 60 dining, 40 lounge).
    Property Profile Location Intelligence

    Current Use by Public Records

    Mr. Chicken Warren Portuguese Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Bristol
    State
    Rhode Island
    Longitude
    -71.273254
    Latitude
    41.7292862

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    FAQs

    What type of property is this?
    Restaurant - Prime RI Restaurant, Liquor License Included
    Where is this restaurant located?
    The property is located at 275 Child St Warren, RI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; 23,375 SF lot.; 5,200 SF restaurant building.
    Request Owner's contact information
    275 Child St Warren, RI 02885
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    275 Child St Warren, RI 02885
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