Catylist ID:
#30432192
PRICE REDUCED!! Long Established Neighborhood Bar & Grille
Retail-Commercial
for Sale
| Catylist Listing ID: | 30432192 |
| Property Subtypes: | Free-Standing Building, Restaurant, Tavern/Bar/Nightclub |
| Building Size (RSF): | 5,994 SF |
| Gross Land Area: | 0.37 Acres |
| Sale Price: | $549,000 |
| Unit Price: | $91.59 PSF |
| Property Use Type: | Investment, Business |
| Building Name: | Lou's Mill House (Formerly Lou's Cafe) |
| Usable Size (USF): | 5,995 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/23/2020 |
Overview / Comments
|
Full service bar and grille in Manville section of Lincoln. Sale includes all real estate, furniture, fixtures and equipment as well as a nearly 1,300sf apartment with new deck. The facility has recently undergone major improvements and is now completely turn key. Fully equipped kitchen with walk in. Basement provides for huge amount of storage space. Famous for booking some of the best live bands in Northern RI. Ready for an experienced entrepreneur to bring this popular neighborhood nightspot to it's full potential. Highlights: *NEW VINYL SIDING THROUGHOUT *FULL SERVICE KITCHEN *NEW GAS BOILERS (1 FOR APARTMENT, 1 FOR BAR) *NEW DECKS *AMPLE PARKING *TWO BEDROOM APARTMENT PROVIDES ADDITIONAL REVENUE |
Attachments & Media
Financials
| Finance Data Year | 2019 |
|---|---|
| Real Estate Taxes - Annual($) | $8,927 (Annual) |
| Tax Value Land | $105,400 |
| Tax Value Improvements | $221,600 |
| Assessed Value - Total($) | $327,000 (Annual) |
Additional Details
| Nearest MSA: | Providence-Warwick |
| County: | Providence |
| Taxing Authority: | Town of Lincoln |
| Tax ID/APN: | LI 37-143.0 |
| Zoning: | VCMU |
| Retail Clientele: | General, Family, Business |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Old River Road |
| Traffic/Vehicle Count: | 9,500 |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Property Condition: | Good |
| Year Built: | 1928 |
| Year Renovated: | 2017 |
| Roof Type: | Arched |
| Construction/Siding: | Vinyl Siding |
| Parking Type: | Surface |
| Heat Type: | Electricity, Natural Gas |
| Heat Source: | Baseboard, Central |
| Air Conditioning: | Engineered System |
| Lot Frontage: | 100' |
| Lot Depth: | 160' |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 8,729 | 60,082 | 124,950 |
| Median Age: | 39.86 | 39.24 | 40.17 |
| Households: | 3,608 | 24,593 | 48,565 |
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