229 Main StHopkinton, RI 02804

Property Details for 229 Main St

Year built

1980

Construction

CONCRETE

Lot size

6.42 AC

Property size (Sq ft)

13,171 SF

Zone code

CS

Property type

Other commercial real estate

Property subtype

Showrooms

APN

HOPK M:025 B:000 L:0155A

APU

HOPKM025B000L0155A

Description

This thriving pizza restaurant located at 229 Main Street, Hopkinton, Rhode Island, presents a fantastic investment opportunity. Priced at $375,000, this established business boasts a loyal customer base cultivated over its 19-year history. The single-story, 1980-built building is situated on a lot with unspecified square footage and includes all equipment (detailed list available separately). The sale also includes a valuable beverage license. Currently operating with strong year-round performance, this business offers significant upside potential for a new owner. Opportunities exist to expand operations through the addition of delivery services and extended operating hours, further increasing profitability. The restaurant's prime location in Ashaway, RI (zip code 02804), ensures consistent customer traffic. This turnkey operation is ready for immediate ownership and presents a rare chance to acquire a well-established, profitable business with clear avenues for growth. The property is categorized as commercial, restaurant, and bar, and is a single-unit establishment. Financial details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $3,201,013

  6.5%

  $2,954,781

  7%

  $2,743,725

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,336,726

  Geo Method

  $4,336,726

• Alternative Use

  Use

  Valuation

  Residential

  $2,492,468

  Hospitality

  $2,283,088

  Educational

  $1,899,502

  Medical

  $1,964,829

  Retail

  $2,954,781

Location Insight

City

Ashaway

County

Washington

State

Rhode Island

Latitude

41.4274

Longitude

-71.7851

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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