Property profile

711 Front St Woonsocket, RI 02895

OFF-MARKET
Retail properties & Spaces
Built 2004
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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

Location

711 Front St Woonsocket, RI 02895
Woonsocket metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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