48 Commons Little Compton, RI 02837
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 48 Commons
- Year built
- 2005
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional Little Compton, RI property offers a fully-serviced restaurant and land for sale. The asking price is $1,100,000 for this Class A property, assessed at nearly $900,000. The sale includes the business, all equipment, and the real estate, encompassing two buildings totaling 7,099 square feet, plus a 150-square-foot gift shop. The main building is a two-story structure built in 2005, situated on a 5,150-square-foot lot. A valuable beer and wine license is included. The property boasts an exterior Trex deck, adding further potential. This well-established restaurant, operating since 1967, enjoys a prime location in the heart of Little Compton. The buyer is responsible for the Little Compton Agricultural Conservancy Tax at closing. All offers will be considered. This is a rare opportunity to acquire a thriving business and valuable real estate in a desirable location. The property's features present numerous possibilities for expansion and growth.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Little Compton
- County
- Newport
- State
- Rhode Island
- Longitude
- -71.1686
- Latitude
- 41.509
