Property profile

2692 Victory Hwy Victory Hwy Burrillville, RI 02830

OFF-MARKET
Retail properties & Spaces
Built 1940
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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

Location

2692 Victory Hwy Victory Hwy Burrillville, RI 02830
Burrillville metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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