501 High St High St South Kingstown, RI 02879
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.
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
Similar Nearby for Lease
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.