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.
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ATM Atm
This district includes the central business area off Main Street as well as the business area off Child Street and Metacom Avenue, where permitted business uses are in character and scale with the mixed-use areas of town, and have less traffic impact and parking demand than more intensive business uses
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, RIThis district includes the central business area off Main Street as well as the business area off Child Street and Metacom Avenue, where permitted business uses are in character and scale with the mixed-use areas of town, and have less traffic impact and parking demand than more intensive business uses
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.