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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1157 Point Judith Rd Narragansett, RI 02882

Built 1930
Property ID
Property summary
AI-generated overview

This exceptional turnkey restaurant opportunity is located at 1157 Point Judith Road, Narragansett, Rhode Island, 02882. Situated on an 8,000 square foot lot, this 1,000 square foot building boasts a rich history as the former location of Iggy's Doughboy. The property features a 500 square foot dining room and a 500 square foot kitchen, complemented by a spacious 750 square foot covered outdoor workspace ideal for seasonal expansion. The dining room has been recently updated, showcasing a stunning picture window offering breathtaking ocean views and featuring a functional fireplace, fresh paint, and modern fixtures. A single bathroom is conveniently located within the dining room. The fully equipped kitchen includes a grill top grille, fryolators, a convection oven, an Altasham (presumably a type of food preparation equipment), a salad station, a triple-bay sink, a mop sink, and two hand sinks. Safety is ensured with a kitchen exhaust hood equipped with fire protection. A brand new on-demand gas water heater and a dehumidification system in the basement maintain optimal conditions. The dining room benefits from a new electric AC/heat system. A 240 square foot walk-in cooler is included. The exterior offers ample space for outdoor dining, accommodating up to twelve picnic tables. While street parking is available, employee parking is conveniently located at the rear of the property. The building was constructed in 1930 and has traditionally operated as a takeout establishment. This property presents a unique opportunity to capitalize on a high-traffic, seasonal location with established infrastructure and stunning ocean views. Asking price is $3,500.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1930
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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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