For Sale
$3,500,000

1251 Warwick AveWarwick, RI 02888

Iconic Restaurant, High Traffic, Ample Parking

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a beloved, established restaurant at 1251 Warwick Avenue, Warwick, RI 02888. The property boasts a substantial 35,719.2 square foot lot and includes two buildings constructed in 1940. The sale encompasses the entire business, including all equipment, point-of-sale systems, and furniture. The property offers significant upside potential. Currently operating as a successful restaurant with a steady cash flow, it features over 40 parking spaces. There's unused space readily adaptable into a private banquet or function room, plus additional loft space with the potential for conversion into a residential unit. Existing connections and a partial bath are already in place, facilitating future expansion. The equipment is in excellent condition, reflecting the high standards of cleanliness and organization maintained by the current owners. The experienced and dedicated staff express a strong desire to remain with the new owner. This landmark property offers a unique chance to acquire a thriving business with substantial growth opportunities. Professional photographs will be available shortly. Asking price: $3,500,000.

Highlights

  • $3,500,000 asking price.
  • Land and retail property with two buildings on a 35,719.2 sq ft lot.
  • Located at 1251 Warwick Avenue, Warwick, RI 02888.
  • Established restaurant with 40+ parking spaces and strong cash flow.
  • Includes all buildings, business, equipment, POS system, and furniture.

Property Details for 1251 Warwick Ave

Property type
Retail properties, Restaurants
Year Built
1940
Buildings
2
Units
1

Location Insight

City
Warwick
County
Kent
State
Rhode Island
Latitude
41.7422853
Longitude
-71.4081445
1251 Warwick Ave, Warwick, Rhode Island

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1251 Warwick Ave
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