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    Established Restaurant on High-Traffic Corner Title is generated by Realmo AI

    0000 Warwick AV Warwick Avenue, Warwick, RI 02888

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    Well-established restaurant with positive cash flow, building and business included.

    Type:Retail
    Property size:
    9,000 SF
    Price / SF:
    $333/SF
    Added:
    Feb 22, 2024
    Days on Market:
    865
    Last Refresh:
    Jul 2 at 6:25 am

    Property Features for 0000 Warwick AV Warwick Avenue

    General Information

    Standard status
    Active
    Size
    9,000 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1940

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    Jessica Lavoie

    Listing office Residential Properties Ltd.

    Listing date Feb 22, 2024

    Source Crexi

    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 Residential Properties Ltd.

    HighLights

    • Established restaurant business and real estate included in sale.
    • High‑traffic corner location in Warwick with steady positive cash flow.
    • Two commercial buildings totaling 9000 +\/- sq ft with multiple revenue streams.
    • Large wrap‑around bar with 20 seats and oversized commercial kitchen.
    • Private parking lot with 40+ spaces.
    • Potential for expansion, second restaurant (takeout), or residential rental unit.

    Overview

    This offering includes a well-established restaurant situated on a high-traffic corner in Warwick. The sale encompasses both the business and the building, which generates steady positive cash flow. The property features two commercial buildings totaling approximately 9,000 square feet. The restaurant space includes two dining rooms, a large wrap-around bar with 20 seats, and an oversized commercial kitchen. A private parking lot provides space for over 40 vehicles. An unused space in the second building presents an opportunity for a takeout location, a second restaurant, or expansion of the current restaurant. The loft space may be suitable as a residential rental unit.

    Local Financial Insights For Specialty Retail

    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 $216.0k $24.00
    − Vacancy −$5.6k −$0.62
    EGI $210.4k $23.38
    − OpEx −$52.6k −$5.84
    NOI $157.8k $17.53
    9,000 SF · lease $24.00/SF/yr · vacancy 2.60% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $2.25M
    $1.97M – $2.63M (±1% cap)
    NOI $157,788 @ 7.0% cap · market cap 5.26%
    Second Best
    Retail
    $1.66M
    $1.45M – $1.94M (±1% cap)
    NOI $116,342 @ 7.0% cap · market cap 3.88%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Map

    City
    Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.4124
    Latitude
    41.7483

    FAQs

    What type of property is this?
    Conventional restaurant - Well-established restaurant with positive cash flow, building and business included.
    Where is this conventional restaurant located?
    The property is located at 0000 Warwick AV Warwick Avenue Warwick, RI.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Established restaurant business and real estate included in sale.; High‑traffic corner location in Warwick with steady positive cash flow.; Two commercial buildings totaling 9000 +\/- sq ft with multiple revenue streams.
    More about this property
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