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West Warwick Restaurant Opportunity
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52 Providence ST Providence Street, West Warwick, RI 02893

Established restaurant with parking and potential in West Warwick, RI.

Property SizeContact for details
Lot Size0.90 Acres
Days on Market911

Property Features for 52 Providence ST Providence Street

General Information

Standard status Active
Total Parking Spaces 80
Lot size 0.90 Acres
Property subtype Land, Retail

Building Details

Year Built 1965
Buildings 1
Stories 2
Listing Agency: Circle 100 Real Estate
Listed By: Shuman Hsia
Source: Crexi
Added: Feb 22, 2024 Changed: Aug 16 Last Checked: Aug 21 at 5:08AM

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 Circle 100 Real Estate

Investment Insights

Based on property information with market context.

This Chinese American restaurant, situated on almost an acre of land comprising two lots (0.558 acres and 0.343 acres combined), is located in a densely populated residential and business district in West Warwick. The restaurant has been in operation since 1984, providing service and food to the local community and visitors. Renovated in 2020 with updates and upgrades, the restaurant features 150 seats and 80 parking spaces, and holds a full liquor license. The property abuts the Washington Secondary Bike Trail, presenting an additional opportunity for food, beverage, or snack service. A full basement provides storage space, and the large parking lot offers potential for further development.

Key Highlights

  • Prime location in a densely populated residential and business district.
  • Large capacity: 150 seating and 80 parking spaces.
  • Full liquor license.**

Property Analytics

Current Use

Conventional restaurants

Location Intelligence

Trade Area within ½ mile

513
Businesses Nearby
21k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 59% Shops & Services 41%
Dunkin' Donuts Dining
12,523 visits/mo 0.4 miles
Exxon Shops & Services
7,896 visits/mo 0.3 miles
Napa Auto Parts Shops & Services
764 visits/mo 0.4 miles

Demographics for 02893, RI

31,030
Population
15,103
Households
2.1
Avg Household Size
41
Median Age
25%
College-Educated
90%
High-School Grad
7.8 sq mi
ZIP Area
3,978
Density / Sq Mi
$73,903
Median Household Income
$49,087
Median Earnings
$1,249
Median Rent
$293,100
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Established restaurant with parking and potential in West Warwick, RI.
Where is this conventional restaurant located?
The property is located at 52 Providence ST Providence Street West Warwick, RI.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Prime location in a densely populated residential and business district.; Large capacity: **150 seating and 80 parking spaces.**; Full liquor license.**
(401) 227-7501 Call to check price and availability
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