48 Commons Little Compton, RI 02837
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.