Property profile

56 Fortin Rd Kingston, RI 02881

OFF-MARKET
Showrooms
Property ID
US76-0183420
1,792 SF 0.34 ac lot Built 1993
Individually Owned 14-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property presents a rare opportunity to acquire a thriving business in South Kingstown, Rhode Island. Located at 56 Fortin Road, 02881, this 15,682 square foot lot features a single building constructed in 1930. The property currently operates as a successful coffee/bagel shop, "Bru," which has been established for over four years. The business is currently leased at an attractive rate and operates seasonally, primarily during the academic year. This presents significant upside potential for a new owner to expand operations to a full twelve-month schedule. The property's proximity to the University of Rhode Island campus provides a built-in customer base, and the opportunity exists to further increase revenue by catering to sporting events. The sale includes the established "Bru" brand, a branded Jeep, all existing fixtures, and supplies. Easy staffing with URI students is an added benefit. The asking price for this turnkey operation is $80,000. This is a unique opportunity to own a well-established business with significant growth potential in a desirable location.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1993
Construction FRAME
Total area 1,792 SF
Lot 0.34 ac (14,810 SF)
Zoning code CN
APN SKIN P:023-2 L:000007
UPID US76-0183420

Cap rate & NOI

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

Location

56 Fortin Rd Kingston, RI 02881-1410
Kingston metro Census 51400 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

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

Owner & transaction history

since 2012
3 recorded transactions
2012
$1
1999
$175,000
1997
Price N/A

Zoning & alternative use

CN · Kingston, 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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