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Property profile & analytics
OFF-MARKET Estimated value $2,180,000
Showrooms

229 Main St Ashaway, RI 02804-1813

13,171 SF 6.42 ac lot Built 1980
Entity Owned 20-yr Hold ~ Est. High Equity
Property ID
US76-0044474
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1980
Construction CONCRETE
Total area 13,171 SF
Lot 6.42 ac (279,655 SF)
Zoning code CS
APN HOPK M:025 B:000 L:0155A
UPID US76-0044474
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
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.05M
Comparable Approach Comparable
$2.33M
Blend (final) Blend
$2.18M
Owner & transaction history
Ksl Realty Cranston LLC · 20 yrs held
Ksl Realty Cranston LLC
since 2005
4 recorded transactions
2016
Price N/A
2005
$1.5M
2004
$1.3M
1969
Price N/A
Zoning & alternative use
CS · Ashaway, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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