85 Ocean Ave - Restaurant FOR SALE


New Shoreham, RI 02807
$1,895,000 USD
401-466-8777
85 Ocean Ave, New Shoreham, RI for Sale
$1,895,000 USD
Restaurant - FOR SALE
1/48
null | 5.14% Cap Rate

85 Ocean Ave
New Shoreham, RI 02807


HIGHLIGHTS

  • Heavy seasonal foot traffic
  • Potential for finishing attic space
  • Potential for Second building
  • Right in town
  • Two separate leases possible
  • 19 parking spots with two designated for ADA

OVERVIEW

Owner occupied business pays property $96,000 per year, potentail to lease out first floor and second floor separately along with finishing the attic space which was contructed to be considered as a living space. The Old Island Pub business is not for sale.

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$633 USD /SF

CAP RATE

5.14%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

SC

APN/PARCEL ID

BLOC-000006-000000-000003-000003

ASK ABOUT THIS PROPERTY

Wendy CrawfordLila Delman Real EstateMore Info
401-466-8777

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Wendy CrawfordLila Delman Real EstateMore Info
401-466-8777

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.