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275 Child St Warren, RI 02885

Turn key restaurants Google Maps
4,540 SF 0.54 ac lot Built 1960
Entity Owned 6-yr Hold ~ Est. High Equity
Estimated value (blended)
$410k
Range $369k – $451k (±10%)
Property ID US76-0182904

Property summary

AI-generated overview

This exceptional Warren, RI commercial property presents a unique opportunity to acquire a thriving, established restaurant complete with real estate and a valuable liquor license. The expansive 5,200 square foot building is impeccably maintained and boasts a versatile layout ideal for both everyday dining and special events. The property includes a dedicated venue room capable of hosting up to 125 guests, a main dining area seating 60, and a separate lounge area with capacity for 40 patrons. Ample parking is provided with over 30 designated spaces, ensuring customer convenience. The restaurant is fully equipped with high-end equipment, ready for immediate operation. The outdoor seating area adds to the property's appeal, offering a pleasant dining experience. Located on a 0.54-acre lot at 275 Child Street, this turnkey operation is priced at $1,500,000. This is an exceptional opportunity for an existing restaurant owner looking to expand or for a new entrepreneur seeking to establish a landmark business in a vibrant community. The inclusion of a liquor license significantly enhances the value and potential of this already impressive property. The property's size, amenities, and prime location make it an attractive investment with significant upside potential. Don't miss this chance to own a fully operational and successful restaurant business.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1960
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,540 SF
Lot 0.54 ac (23,374 SF)
Zoning code R20
APN WARR M:10 L:180
UPID US76-0182904

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$410k

Owner & transaction history

since 2019
3 recorded transactions
2019
$600,000
2013
$365,000
1999
$200,000

Zoning & alternative use

R20 · Warren, RI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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