For Sale
$1,100,000

48 CommonsLittle Compton, RI 02837

Established Restaurant, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Little Compton, RI property offers a fully-serviced restaurant and land for sale. The asking price is $1,100,000 for this Class A property, assessed at nearly $900,000. The sale includes the business, all equipment, and the real estate, encompassing two buildings totaling 7,099 square feet, plus a 150-square-foot gift shop. The main building is a two-story structure built in 2005, situated on a 5,150-square-foot lot. A valuable beer and wine license is included. The property boasts an exterior Trex deck, adding further potential. This well-established restaurant, operating since 1967, enjoys a prime location in the heart of Little Compton. The buyer is responsible for the Little Compton Agricultural Conservancy Tax at closing. All offers will be considered. This is a rare opportunity to acquire a thriving business and valuable real estate in a desirable location. The property's features present numerous possibilities for expansion and growth.

Highlights

  • $1,100,000 asking price for a Class A, 5,150 sq ft land parcel with two buildings totaling 7,249 sq ft.
  • Includes a fully-serviced restaurant with a beer and wine license, operating since 1967.
  • Located in Little Compton, RI, at 48 Commons, 02837, in a prime location.
  • Features a 150 sq ft additional building/gift shop and an exterior Trex deck.
  • Sale includes the business, all equipment, and real estate; buyer pays Little Compton Agricultural Conservancy Tax at closing.

Property Details for 48 Commons

Property type
Retail properties, Restaurants
Class
A
Year Built
2005
Buildings
2
Stories
2
Units
1

Location Insight

City
Little Compton
County
Newport
State
Rhode Island
Latitude
41.5089701
Longitude
-71.1686168
48 Commons, Little Compton, Rhode Island

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48 Commons
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