229 Main St, Hopkinton, RI 02804
- Showrooms
- 13,171 SF
- 6.42 lot acres
Current Use by Public Records
- Main Street Pizza / Restaurant
- FedEx Drop Box / Postal Service / Courier Service
- Hopkinton Liquor Depot / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
Property Details for 229 Main St
- Year built
- 1980
- Construction
- CONCRETE
- Lot size
- 6.42 lot acres
- Zone code
- CS
- Property type
- Showrooms
- APN
- HOPK M:025 B:000 L:0155A
- APU
- HOPKM025B000L0155A
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 16, 2016 | — | Ksl Realty Cranston LLC | — | Deed · related | $300k · Bank Rhode Island |
| Nov 1, 2005 | $1,450,000 | Ksl Realty Cranston LLC | Ashaway Dev LLC | Grant Deed | $1.1M · Washington Trust Co |
| Oct 25, 2004 | $1,253,000 | Ashaway Dev LLC | Ashaway Village Assoc LLC | Grant Deed · related | $938k · Washington Trust Co |
| — | — | Ksl Realty Cranston LLC | — | Deed Of Trust · related | $300k · Bank Rhode Island |
Description
This thriving pizza restaurant located at 229 Main Street, Hopkinton, Rhode Island, presents a fantastic investment opportunity. Priced at $375,000, this established business boasts a loyal customer base cultivated over its 19-year history. The single-story, 1980-built building is situated on a lot with unspecified square footage and includes all equipment (detailed list available separately). The sale also includes a valuable beverage license. Currently operating with strong year-round performance, this business offers significant upside potential for a new owner. Opportunities exist to expand operations through the addition of delivery services and extended operating hours, further increasing profitability. The restaurant's prime location in Ashaway, RI (zip code 02804), ensures consistent customer traffic. This turnkey operation is ready for immediate ownership and presents a rare chance to acquire a well-established, profitable business with clear avenues for growth. The property is categorized as commercial, restaurant, and bar, and is a single-unit establishment. Financial details are available upon request.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,225,000
- 6.5%
- $2,050,000
- 7%
- $1,905,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,328,000
Market price range: $861k - $2.33M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,695,000 Current use
- OFFICE BUILDING
- $2,305,000 Change: -14% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ashaway
- County
- Washington
- State
- Rhode Island
- Longitude
- -71.7851
- Latitude
- 41.4274
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
