28 Market St Warren, RI 02885-2516
This exceptional 14,618-square-foot commercial property, located at 28 Market Street in Warren, Rhode Island, presents a unique investment opportunity. Originally the Second Story Theatre building and restaurant, this three-story structure underwent a complete renovation in 2017, exceeding $3 million in improvements. The building boasts a large open floor plan (former theater), newly renovated office space, and a state-of-the-art restaurant area complete with a full commercial kitchen, custom bar, and custom seating. Features include five bathrooms, an elevator, high ceilings, and ample parking. The extensive renovation included new spray foam insulation, siding, boiler, copper pipes, and water heater. Heating is provided by a hot air system. The property sits on a 0.201-acre lot and includes deeded parking for 40+ vehicles, with an adjacent paved lot also available. Built in 1900, this meticulously renovated building offers a blend of historic charm and modern functionality, ideal for a variety of commercial uses. The property is offered for sale.
-
The Upside Bar Bar & Pub
-
UNION Bar & Pub Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
VB · Warren, RIWarren. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.