420 Social St Woonsocket, RI 02895-2013
This exceptional Woonsocket restaurant property at 420 Social Street presents a unique opportunity for culinary entrepreneurs. Formerly the Castle Restaurant, this landmark location boasts significant charm and functionality, ready for immediate operation or creative revitalization. The building offers ample space to comfortably seat 40-50 guests, complemented by a convenient take-out window catering to diverse customer preferences. Extensive parking is available on-site, accommodating approximately 15 vehicles, with additional potential for outdoor seating near Social Park, maximizing the property's appeal and capacity. Recent significant upgrades enhance the property's value and operational efficiency. These include a brand-new roof and heating system, ensuring comfort and low maintenance costs. Furthermore, over $100,000 has been invested in state-of-the-art equipment, including a walk-in freezer, cooler, and substantial basement storage, providing ample space for food preparation and inventory management. The versatile layout is adaptable to various culinary concepts, from pizza and burgers to tacos and beyond, allowing for creative freedom and customization. Situated in a high-visibility area, the property benefits from significant foot traffic and exposure to both local residents and visitors, ensuring a strong customer base. This 0.21-acre property offers a compelling combination of established infrastructure, modern upgrades, and a prime location, making it an ideal investment for those seeking a turnkey restaurant operation or a platform to launch their culinary vision. The asking price is $430,000.
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Gerard J. Bouley Field Sports Field & Court Sports School
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Social Pizza & Deli 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
Property description
Physical attributes from public recordsZoning & alternative use
C2 · Woonsocket, RIWoonsocket. 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.