2283 Post Rd Warwick, RI 02886
- Showrooms
- 3,142 SF
- 0.28 lot acres
Current Use by Public Records
- All Star Subs / Restaurant
Property Details for 2283 Post Rd
- Year built
- 1962
- Construction
- FRAME
- Lot size
- 0.28 lot acres
- Property size
- 3,142 SF
- Zone code
- GB
- Property type
- Showrooms
- APN
- WARW M:323 B:0007 L:0000
- APU
- WARWM323B0007L0000
Description
This exceptional commercial property at 2283 Post Road, Warwick, RI 02886 presents a unique investment opportunity. The 12,197 square foot lot houses a single-story, 1962-built building currently operating as a well-established restaurant. Boasting approximately 60 seats and 22 TVs, the space is ideally suited for dine-in, takeout, and catering services. The versatile layout could also accommodate a bar, QSR, or ice cream shop. A complete renovation was finished just six months ago, ensuring the property is in excellent condition. All equipment and inventory are included in the sale, making this a true turnkey operation. Onsite parking is available for customers. A current lease is in place with 3.5 years remaining, and the seller is willing to contribute towards the lease payments to reduce the buyer's financial burden. This high-visibility location in a high-traffic area guarantees a steady cash flow and established clientele, making it an ideal investment for an aspiring restaurateur. The property is zoned for commercial use.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $485,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $600,000
- 6.5%
- $500,000
- 7%
- $505,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $595,000
- Geo Method
- $485,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $530,000
- Retail
- $620,000
- Mixed-Use
- $455,000
- Hospitality
- $455,000
- Educational
- $505,000
- Residential Income
- $490,000
- Energy
- $485,000
- Income-Based Land
- $575,000
- Food Service
- $520,000
Location Insight
- Map
- Local Demand
- City
- Warwick
- County
- Kent
- State
- Rhode Island
- Longitude
- -71.443
- Latitude
- 41.7201
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA