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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

501 High St High St South Kingstown, RI 02879

Built 1900
Property ID
Property summary
AI-generated overview

This exceptional opportunity presents a thriving, turn-key restaurant located at 501 High Street in South Kingstown, Rhode Island, zip code 02879. The property, built in 1900, sits on a substantial 12,196 square foot lot and includes one building with a single unit. Currently operating as a highly successful BBQ establishment, it boasts a strong local following and has been voted the best BBQ in Rhode Island. The business has experienced significant growth in recent years, with ample potential for further expansion. A robust catering business complements the restaurant's operations, maximizing profitability. The existing kitchen is well-equipped to handle both in-house and catering demands. The restaurant is fully staffed, and the current owners are prepared to assist with a smooth transition for the new owner. The asking price for this exceptional property is $99,000. Owner financing may be available. This is a rare chance to acquire a well-established, profitable business with a loyal customer base in a desirable location. The property is classified as Commercial, Bar, and Restaurant, and is categorized as Land and Retail. This is a truly unique opportunity for an ambitious entrepreneur seeking to own their own restaurant. The property's location in downtown South Kingstown provides excellent visibility and accessibility.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1900
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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