382 Thames St Bristol Bristol, RI 02809
This exceptional business opportunity presents a fully equipped and operational restaurant in Bristol, RI's vibrant downtown waterfront district. Located at 382 Thames Street, Unit North, this 1,000 square foot establishment sits on a 0.33-acre lot and benefits from a brand new five-year lease. The restaurant is in excellent condition, boasting clean and well-maintained equipment, ready for immediate operation. The business model offers both dine-in and carry-out options, catering to a diverse clientele. A significant advantage is the property's location directly across from over eighty high-end condominiums, ensuring a consistent stream of potential customers. Bristol's thriving community, home to Roger Williams University and attracting thousands of tourists annually, provides a robust market. The city's renowned Fourth of July parade, the largest and oldest in the nation, further enhances the area's appeal and foot traffic. This turnkey operation presents a unique chance to own and manage a successful, established restaurant in a prime location, offering the potential for significant returns. Off-street parking is available for added convenience. The asking price for this exceptional opportunity is $125,000.
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Pisco&tequila Restaurant
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Tong Phoon Restaurant Restaurant
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
W · Bristol, RIBristol. 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.