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Property profile & analytics
FOR SALE
Showrooms

382 Thames St Bristol Bristol, RI 02809

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

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.

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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pisco&tequila Restaurant
  • Tong Phoon Restaurant Restaurant
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
Louis Dealmeida · 17 yrs held
Louis Dealmeida
since 2009
1 recorded transaction
2009
Price N/A
Zoning & alternative use
W · Bristol, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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