Family Restaurant in Hopkinton, RI

Retail-Commercial for Sale
Catylist Listing ID: 30521373
Property Subtypes: Free-Standing Building, Restaurant
Building Size (RSF): 3,344 SF
Gross Building Area: 7,228 SF
Gross Land Area: 0.60 Acres
Sale Price: $699,999
Unit Price: $209.33 PSF
Ceiling: 8 ft.
Property Use Type: Business
Usable Size (USF): 3,344 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/18/2019

Overview / Comments

This has been a restaurant for several decades, in its current iteration as The Brick Oven, the restaurant has been runned as a very successful family restaurant with a loyal following of not just locals but summer vacationers. It comes with a full liquor license that is not fully utilized by the current owners. The real estate and the business convey together. The restaurant was remodeled in 1990 and many more improvements have been made in subsequent years. It has seating for 100, and has the capacity to add a terrace in the back for additional summer seating. Seller financing available for qualified buyers.

Additional Details

Nearest MSA: Providence-Warwick
County: Washington
Tax ID/APN: HO 025/000/0299A
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: Main Street and Ashaway Rd
Property Visibility: Excellent
Largest Nearby Street: Main Street and Rt 216
Feet of Frontage: 241
Highway Access: Rt 216 and Rt 3 blocks away and then Rt. 95 is a couple of mile away
Site Description: The property is 0.6 acres of land, freestanding building, with parking in the front and back.
Area Description: The building is right on rt. 3, that leads directly to rt. 95.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,344 SF
Property Condition: Good
Year Built: 1960
Year Renovated: 1990
Roof Type: Gable
Exterior Description: Freestanding building in very good shape with excellent parking, newer roof, replaced in 2006 with 40 year shingles and rubber. Septic system was replaced in 2008
Total Parking Spaces: 30
Parking Type: Surface
Parking Description: Surfaced parking in front and side of building
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: It has a large main dining room on the right side and a smaller dining area for private parties or expansion seating. It seats about 100 people. The bar area is in the smaller dining room.
Zoning Description: Commercial/Retail
Lot Frontage: 150
Lot Depth: 241
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 944 13,617 34,976
Median Age: 42.07 40.81 42.44
Households: 356 5,255 14,466


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