About This Restaurant
Investment Highlights
Heavy seasonal foot traffic Potential for Second building Two separate leases possible Potential for finishing attic space Right in town 19 parking spots with two designated for ADA
Executive Summary
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.
Property Details
- Sale Type Investment
- Sale Condition Business Value Included
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Bar General Retail Storefront Retail/Office General Retail Storefront Retail/Residential Restaurant
- Building Size 2,992
- Building Class B
- Year Built 2017
- Price 2,375,000
- Price Per SF 794
- Cap Rate 4.10
- NOI 97,375
- Percent Leased 100
- Building Height 2 Stories
- Building FAR 0.10
- Land Acres 0.69 AC
Amenities
- Conferencing Facility
- Freeway Visibility
- Restaurant
- Storage Space
- Recessed Lighting
- Balcony
- Fiber Optic Internet
- Smoke Detector
Property Taxes
| Parcel Number | BLOC-000006-000000-000003-000003 | Improvements Assessment | $430,400 |
| Land Assessment | $512,800 | Total Assessment | $943,200 |
| Date Created: | 2024-07-16 04:23:35 | Last Updated: | 2024-07-16 04:23:35 |
| Address: | 85 Ocean Ave , New Shoreham, Rhode Island, 02807 | ||