Property profile

420 Social St Woonsocket, RI 02895

OFF-MARKET
Showrooms
Property ID
US76-0066714
1,734 SF 0.21 ac lot Built 1940
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1940
Construction FRAME
Total area 1,734 SF
Lot 0.21 ac (9,220 SF)
Zoning code C2
APN WOON M:22J L:190 U:21
UPID US76-0066714

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
  • Sports Field & Court Sports School
  • Restaurant

Location

420 Social St Woonsocket, RI 02895-2013
Woonsocket metro Census 18000 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2025
Last sale
$390,000
2 recorded transactions
2025
$390,000
2021
$225,000

Zoning & alternative use

C2 · Woonsocket, RI

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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