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    OFF-MARKET
    Retail properties & Spaces

    2692 Victory Hwy Victory Hwy, Burrillville, RI 02830

    Built 1940
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property at 2692 Victory Highway in Burrillville, Rhode Island, presents a unique investment opportunity. The property encompasses a well-established restaurant and bar, boasting a substantial 44,867 square foot lot. The two-story building, constructed in 1940, features a main dining area, a separate lounge, a bar with seating for over 20 patrons, and a new outdoor deck. A large banquet room, capable of accommodating 60+ guests, includes a second bar, ideal for private events. The property also includes a three-bedroom apartment with a private entrance, currently owner-occupied, offering potential for additional rental income. Ample parking is available with 65+ paved spaces. The property benefits from numerous recent updates, including a new roof, a new walk-in cooler and freezer, vinyl siding, and connection to town sewer. A new computer system is also in place. Extensive dry goods storage is available. Financial information is available upon request, maintaining complete confidentiality. This turnkey operation is ready for a new owner to continue its success in the thriving Northern Rhode Island market. The property is zoned for commercial use and includes one building with one unit. The property's location in Providence County, zip code 02830, offers convenient access to local amenities and a strong customer base.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1940
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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