Cass Avenue Neos Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30769599
Property Subtypes: Restaurant
Building Size (RSF): 1,946 SF
Gross Land Area: 3,267 SF
Sale Price: $330,000
Unit Price: $169.58 PSF
Property Use Type: Business
Building Name: Neos Restaurant
Usable Size (USF): 1,946 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 12/29/2021

Overview / Comments

This is a free standing building with a beautiful restaurant that was renovated 2 years ago, all equipment is only 2 years old. New central heat and air conditioning, new and updated electrical service 200 amps. New roof in 2015. The entire building was gutted and the owners created a beautiful modern Greek themed establishment, tastefully renovated and decorated. Bar area that seats 9. All restaurant equipment, tableware, furniture, audio system and POS system will convey with the sale of the building. The full liquor license is also included in the sale. Seating capacity is 79; 49 inside and 30 outside. Central fire alarm. Some parking on side of building, and plenty of street parking. The building is right in front of Cass Park, where there is also additional parking spaces. CVS HQ a few minutes drive.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: Woonsocket
Tax ID/APN: WO C6-39-49
Retail Clientele: General
Property Located Between: Elm Street and Lebrun Avenue
Property Visibility: Excellent
Largest Nearby Street: Mendon Road and Rt. 126
Feet of Frontage: 101
Highway Access: Rt 146 to 95
Site Description: Stand alone building on a major street in Woonsocket, high traffic count. Cass Park in front of building. CVS headquarters a short drive.
Area Description: Cass Avenue is major road in Woonsocket, but it is in a residential neighborhood.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,946 SF
Property Condition: Excellent
Year Built: 1970
Year Renovated: 2018
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: Building was renovated in 2018, new windows and doors installed. New roof in 2015.
Total Parking Spaces: 15
Parking Type: Surface
Parking Description: 3 spaces on the driveway, mostly street parking, as well as, parking across the street in Cass Park.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Beautifully renovated, with high ceilings, new floors and two luxury bathrooms. Bar that seats 8. Central air and heat. Bose audio system. All new furniture and tastefully decorated. Central fire alarm system.
Zoning Description: Commercial, restaurant
Lot Frontage: 101
Lot Depth: 33
Water Service: Municipal
Sewer Type: Municipal
Easements Description: N/A
Land Ownership: Owned

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,240 74,186 110,727
Median Age: 35.57 39.36 40.06
Households: 6,979 29,620 43,479


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