322 Metacom Ave, Warren, RI 02885-1925
This exceptional commercial property at 322 & 325 Metacom Avenue in Warren, Rhode Island presents a unique investment opportunity. The property encompasses a total of 7,355 square feet, strategically divided into a turnkey restaurant space (1,649 sq ft) and an additional 5,706 sq ft of vacant land ideal for off-street parking. A significant advantage is the inclusion of a transferable liquor license, a highly sought-after asset in the hospitality industry. The existing restaurant space is ready for immediate operation, complete with fixtures, furniture, and equipment (FF&E). The property also features 5,532 square feet of land suitable for various commercial uses beyond restaurant operations, such as retail establishments. Its convenient location along a bus line and proximity (5 minutes) to the Massachusetts state line ensures high visibility and accessibility. The property is zoned Village Commercial, offering flexibility for a range of businesses. The 0.26-acre lot provides ample space for parking and potential expansion. This turnkey operation, combined with the additional land and transferable liquor license, presents a compelling opportunity for a savvy investor seeking a profitable venture in a prime location.
-
ATM Atm
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
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.