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Property profile & analytics
FOR SALE
Turn key restaurants

65 Child St Warren, RI 02885

576 SF 0.05 ac lot Built 1950
Entity Owned 3-yr Hold Free & Clear
Property ID
US76-0193812
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully renovated, high-visibility commercial property in downtown Warren, Rhode Island, situated directly on the East Bay Bike Path. The property, encompassing 1,152 square feet, houses a thriving Del's Frozen Lemonade franchise, offering a turnkey business ready for immediate success. The building boasts recent renovations including updated security systems, plumbing, and electrical work, along with a convenient takeout window. An outdoor seating area provides ample space for customers to enjoy their refreshments. The property also includes private parking and a dedicated storage unit. The sale includes a comprehensive equipment package featuring two delivery vehicles (including a vintage Chevy step truck), five frozen lemonade carts complete with umbrellas, and modern square equipment for transactions. Franchise rights extend to both Bristol and Warren, Rhode Island. Significant upgrades have been implemented, including an advanced water filtration system, efficient AC/heating units, and a French drain system. Financial details, including profit and loss statements and inventory lists, are available upon request for qualified buyers. This established business presents a unique opportunity for entrepreneurs or investors seeking a profitable venture with an existing loyal customer base. Flexible ownership options are available: purchase the business and real estate outright, or acquire the franchise and lease the property. The asking price for this exceptional offering is $975,000.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1950
Construction FRAME
Total area 576 SF
Lot 0.05 ac (2,017 SF)
Zoning code B
APN WARR M:9 L:99
UPID US76-0193812
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
  • Del's Depot (a Del’s Lemonade franchise) Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$170k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k
Owner & transaction history
65 Child Street LLC · 3 yrs held
65 Child Street LLC
since 2023
Last sale
$200,000
3 recorded transactions
2023
Price N/A
2023
$200,000
2008
$127,500
Zoning & alternative use
B · Warren, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

This district includes all other commercial areas which are not in the village business district, and which are suitable for more intensive business uses, including those areas along major thoroughfares where businesses rely on easy vehicular access.

Zone name Business
General category COMMERCIAL
Zone area 75.31 ac
Source Realmo
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