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    52 Providence St West Warwick, RI 02893

    For Sale
    Contact for pricing

    Prime RI location, established business

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial property at 52 Providence Street, West Warwick, Rhode Island, presents a unique investment opportunity. The property encompasses a substantial 24,394 square foot lot, featuring a two-story, 1965-built building currently operating as a successful Chinese-American restaurant. Boasting 150 seats and ample parking for 80 vehicles, the restaurant benefits from a full liquor license and underwent a complete renovation in 2020, incorporating numerous upgrades. The strategic location within a densely populated residential and business district ensures high visibility and consistent customer traffic. Further enhancing its appeal, the property enjoys direct access to the Washington Secondary Bike trail, presenting additional revenue potential. A spacious, 2400+ square foot basement provides extensive storage capacity. The property is offered for sale at $10,000, with a tenant-in-place lease option available on a NNN basis. This turnkey operation offers immediate income generation and significant long-term growth potential. The property's prime location and established business make it an ideal acquisition for both seasoned investors and first-time buyers seeking a profitable venture in a thriving Rhode Island market. The zip code is 02893.

    Property Features for 52 Providence St

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1965
    Buildings
    1
    Stories
    2

    HighLights

    • Exceptional investment opportunity: 24,394 sq ft lot, 150‑seat Chinese‑American restaurant with full liquor license.
    • Two‑story, 1960s building completely renovated in 2020.
    • Ample parking (80 spaces) and high visibility in a dense residential/business district.
    • 2,400+ sq ft basement for storage; Direct access to Washington Secondary Bike Trail.
    • Offered at $10,000, with tenant‑in‑place NNN lease option available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ATM Atm House of Wu 胡家園 Chinese Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    West Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.5213827
    Latitude
    41.7099882

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    FAQs

    What type of property is this?
    Restaurant - Prime RI location, established business
    Where is this restaurant located?
    The property is located at 52 Providence St West Warwick, RI.
    What is the asking price?
    The asking price for this property is $10,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: 24,394 sq ft lot, 150-seat Chinese-American restaurant with full liquor license.; Two-story, 1960s building completely renovated in 2020.; Ample parking (80 spaces) and high visibility in a dense residential/business district.
    Request Owner's contact information
    52 Providence St West Warwick, RI 02893
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    West Warwick, RI 02893
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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
    52 Providence St West Warwick, RI 02893
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