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Property profile & analytics
OFF-MARKET Estimated value $655,000
Showrooms

28 Market St Warren, RI 02885-2516

9,132 SF 0.2 ac lot Built 1900
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US76-0214539
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1900
Construction FRAME
Total area 9,132 SF
Lot 0.2 ac (8,742 SF)
Zoning code VB
APN WARR M:3 L:77
UPID US76-0214539
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
  • The Upside Bar Bar & Pub
  • UNION Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$415k
CAP Approach CAP
by Request
Comparable Approach Comparable
$840k
Blend (final) Blend
$655k
Owner & transaction history
Zjbv Props LLC · 7 yrs held
Zjbv Props LLC
since 2018
2 recorded transactions
2018
$70,000
2005
Price N/A
Zoning & alternative use
VB · Warren, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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