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    OFF-MARKET
    Turn key restaurants

    322 Metacom Ave, Warren, RI 02885-1925

    1,649 SF 0.13 ac lot Built 1920
    Individually Owned 19-yr Hold Absentee Owner Free & Clear
    Property ID
    US76-0130183
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1920
    Construction FRAME
    Total area 1,649 SF
    Lot 0.13 ac (5,536 SF)
    Zoning code VB
    APN WARR M:11 L:139
    UPID US76-0130183
    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
    • ATM Atm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Owner & transaction history
    Rose Mary Castigliego · 19 yrs held
    Rose Mary Castigliego
    since 2006
    3 recorded transactions
    2014
    2006
    $125,000
    1999
    Zoning & alternative use
    VB · Warren, RI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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