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    28 Market St Warren, RI 02885

    For Sale
    Contact for pricing

    Renovated Entertainment Venue, 14,618 SF

    Property size:
    14,618 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 14,618-square-foot commercial property, located at 28 Market Street in Warren, Rhode Island, presents a unique investment opportunity. Originally the Second Story Theatre building and restaurant, this three-story structure underwent a complete renovation in 2017, exceeding $3 million in improvements. The building boasts a large open floor plan (former theater), newly renovated office space, and a state-of-the-art restaurant area complete with a full commercial kitchen, custom bar, and custom seating. Features include five bathrooms, an elevator, high ceilings, and ample parking. The extensive renovation included new spray foam insulation, siding, boiler, copper pipes, and water heater. Heating is provided by a hot air system. The property sits on a 0.201-acre lot and includes deeded parking for 40+ vehicles, with an adjacent paved lot also available. Built in 1900, this meticulously renovated building offers a blend of historic charm and modern functionality, ideal for a variety of commercial uses. The property is offered for sale.

    Property Features for 28 Market St

    General Information

    Property type
    Specialty properties
    Square Feet
    14,618 SF
    Lot Size
    8,756 SF

    Building Details

    Year Built/Renovated
    1900/2017
    Buildings
    1
    Stories
    3

    HighLights

    • Special Purpose property totaling 14,618 square feet, located at 28 Market Street, Warren, RI 02885.
    • The property features a three‑story building on a 0.201‑acre lot, built in 1900 and extensively renovated in 2017.
    • The building includes a full commercial kitchen, custom bar, custom seating, five bathrooms, an elevator, and ample parking for 40+ vehicles.
    • Over $3 million was invested in renovations, including new spray foam insulation, siding, boiler, copper pipes, and water heater.
    • The property is for sale by owner and is suitable for a variety of uses, given its prior use as a restaurant and performance space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Upside Bar Bar UNION Bar & Grill

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Bristol
    State
    Rhode Island
    Longitude
    -71.2818992
    Latitude
    41.7309758

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    FAQs

    What type of property is this?
    Specialty property - Renovated Entertainment Venue, 14,618 SF
    Where is this specialty property located?
    The property is located at 28 Market St Warren, RI.
    What are key features of this property?
    This property features: Special Purpose property totaling 14,618 square feet, located at 28 Market Street, Warren, RI 02885.; The property features a three-story building on a 0.201-acre lot, built in 1900 and extensively renovated in 2017.; The building includes a full commercial kitchen, custom bar, custom seating, five bathrooms, an elevator, and ample parking for 40+ vehicles.
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    28 Market St Warren, RI 02885
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    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
    28 Market St Warren, RI 02885
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