Property profile

382 Thames St Bristol, RI 02809

FOR SALE
Showrooms
Property ID
US76-0115920
3,996 SF 0.33 ac lot Built 2014
Individually Owned 17-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

A free-standing commercial property in Bristol’s Waterfront District, consisting of three separate units: two restaurant units and one warehouse-type space. The building provides over 2,500 square feet in the warehouse-type unit and is configured with separate utilities for the units, along with off-street parking. It has more than 115 feet of frontage directly across from Bristol Harbor and is positioned near the East Bay bike path and Independence Park, within walking distance of the Bristol Harbor Inn Hotel and Event Center and other Downtown Bristol attractions. The site offers convenient access by car, bike, and foot and is designed to support multiple uses, including potential redevelopment and/or residential conversion subject to applicable zoning and approvals.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 2014
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,996 SF
Lot 0.33 ac (14,471 SF)
Zoning code W
APN BRIS M:9 L:15
UPID US76-0115920

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant

Location

382 Thames St Bristol, RI 02809
Bristol metro Census 30700 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$870k
Comparable Approach Comparable
$1.08M
Blend (final) Blend
$855k

Owner & transaction history

since 2009
1 recorded transaction
2009
Price N/A

Zoning & alternative use

W · Bristol, RI
Zoning description

W Zone Waterfront. This zone is intended for mixed use residential, commercial, and limited industrial use along the downtown waterfront with an emphasis on preservation, economic development, recreation, and open space.…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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