Current Use by Public Records
- Retail properties & Spaces
Property Details for 501 High St High St
- Year built
- 1900
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
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.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- South Kingstown
- County
- Washington
- State
- Rhode Island
- Longitude
- -71.5007
- Latitude
- 41.4502
