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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

711 Front St Woonsocket, RI 02895

Built 2004
Property ID
Property summary
AI-generated overview

This exceptional retail property, located at 711 Front Street in Woonsocket, Rhode Island, presents a fantastic opportunity for a new restaurant or bar owner. The property, known as Heritage Place, boasts a prime location on a busy corner, surrounded by a mix of office, retail, and residential buildings, ensuring high visibility and foot traffic. Built in 2004, this three-story building sits on a substantial 47,480 square foot lot and includes three separate buildings. The restaurant space itself is a ready-to-move-in location, previously operating as a coffee shop. The interior features a welcoming entryway with counters and ample space for dining tables. A fully equipped prep area, complete with freezers and coolers, is ready for immediate use. A convenient drive-thru window adds to the operational efficiency. A significant advantage is the inclusion of a full basement, offering approximately 1,000 square feet of additional storage or expansion space. Outdoor seating is also available, providing an attractive option for customers. The property also features a large parking area, a significant benefit for both staff and patrons. Its close proximity to downtown Woonsocket further enhances its appeal. The asking price for this turnkey operation is $20 million. This property is a single-unit retail space.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2004
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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