Rare Restaurant & Inn with Real Estate
Available
Rare Restaurant & Inn with 40 years of successful operation. This trophy property is located on a posh and popular New England Island with tons of tourist business. This mixed-use property is comprised of an Inn, large restaurant and a separate café. The property was recently appraised at $3.8 MM. The property could be re-developed and/or expanded. The Inn can be doubled in size, and features such as outdoor bars and/or a pool could be added! A new owner can change the existing restaurant concept, and the space could be retrofitted and designed to grow sales and profitability. Email us for more information!
Property Details
- Listing Price
- $7,499,000
- Listing Price (Additional Notes)
- (For the entirety of the Business and Real Estate)
- Type
- Includes Real Estate
- Concept
- Restaurant & Inn
- Sales
- $2,138,000
- Cash Flow
- $271,905
- Cash Flow (Additional Notes)
- in 2023
- Location
- New England
- State
- Rhode Island
- County
- Washington County
- Square Footage
- 15,860
- Square Footage (Additional Notes)
- Building is 15,680 square feet
- Seating
- 237
- Seating (Additional Notes)
- (82 inside, 155 outside)
- Parking
- 20 parking spots
- Includes Real Estate
- Yes
- Liquor License
- Yes
- Licenses
- Full Liquor & Entertainment License
- Hours
- Open 7 days for breakfast, lunch & dinner
