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    830 Oakland Beach Ave Warwick, RI 02889

    Sponsored
    For Sale
    $369,000

    Restaurant/Bar with Residential Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Warwick, RI property, located at 830 Oakland Beach Avenue, presents a unique investment opportunity. The 15,941 square foot lot houses a 4,130 square foot building, formerly known as the Jonah Hall, which boasts a commercial kitchen, spacious banquet room, multiple offices, and bathrooms. Preliminary approval for a five-unit residential conversion is in place, with plans readily available. The building features an expansive exterior deck and ample parking with 17 designated spots, including convenient handicap access. Built in 1925, this property offers significant versatility, suitable for a variety of commercial uses, including restaurant, bar, or a mixed-use development leveraging the residential conversion plans. The property's location in Warwick, RI, within Kent County (zip code 02889), provides excellent visibility and accessibility. The three separate lots comprising this property offer considerable flexibility for future development or expansion. This is a rare opportunity to acquire a substantial property with existing infrastructure and significant upside potential. The asking price is $369,000.

    Property Features for 830 Oakland Beach Ave

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1925
    Buildings
    1

    HighLights

    • 15,941 SF lot with a 4,130 SF building in Warwick, RI.
    • Building features a commercial kitchen, banquet room, offices, and bathrooms.
    • Preliminary approval for a five‑unit residential conversion is in place.
    • 17 parking spaces, including handicap access, and an expansive deck.
    • Located at 830 Oakland Beach Avenue, Warwick, RI (02889), offering excellent visibility and accessibility.
    • Three separate lots provide flexibility for future development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Art Space Performing ... Art Center

    Suggested Use

    Realty agency Restaurant Dental Office Gym & Fitness Auto Repair Shop Pharmacy Accounting Firm Wholesale Shop Department Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.397885
    Latitude
    41.686237

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    FAQs

    What type of property is this?
    Restaurant - Restaurant/Bar with Residential Potential
    Where is this restaurant located?
    The property is located at 830 Oakland Beach Ave Warwick, RI.
    What is the asking price?
    The asking price for this property is $369,000.
    What are key features of this property?
    This property features: 15,941 SF lot with a 4,130 SF building in Warwick, RI.; Building features a commercial kitchen, banquet room, offices, and bathrooms.; Preliminary approval for a five-unit residential conversion is in place.
    Request Owner's contact information
    830 Oakland Beach Ave Warwick, RI 02889
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    Warwick, RI 02889
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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
    830 Oakland Beach Ave Warwick, RI 02889
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