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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

209 Main St Main St Hopkinton, RI 02804

Built 1960
Property ID
Property summary
AI-generated overview

This exceptional turnkey restaurant and bar, located at 209 Main Street in Hopkinton, Rhode Island (zip code 02804), presents a unique investment opportunity. The property, built in 1960, boasts a substantial 26,136 square foot lot and a single, newly renovated building. The interior has undergone a complete transformation, featuring high-end fixtures and kitchen equipment. With seating for approximately 88 patrons, the restaurant also includes a charming bar area. The property's prime location on Route 3, a major thoroughfare into Westerly, ensures high visibility and significant traffic, particularly during peak summer months. The convenient proximity to Route 95 (within one mile) further enhances its accessibility. Ample parking is available at the rear of the building, and a pre-existing service window offers potential for outdoor seating expansion. The property is equipped with a recently replaced septic system and well. A brand-new Generac standby generator is also available for negotiation. The asking price is $1,350,000. The owner is open to exploring lease-to-own options or owner financing, contingent upon creditworthiness and sufficient backing. This fully equipped, move-in ready establishment is ideal for a variety of hospitality concepts, from farm-to-table dining to a coffee shop.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1960
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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