Price Reduced 13.79%
Price History
$1,450,000
7/29/2025
$1,250,000
11/4/2025
1172 Main Street, Richmond, RI, 02898
2009
Amazing opportunity to purchase this newer built (2009) commercial property that has been successfully operated as a restaurant since inception. This stately 5,400 sf stand alone building has high visibility on a well traveled road and boasts a beautiful brick exterior, ample parking and expansive backyard that creates opportunity for future expansion. The current layout highlights a stunning open format main dining area with high ceilings that has tremendous potential to easily retro fit as desired. There is an immensely large commercial grade kitchen with walk-in cooler, separate freezer, cooking equipment, plus storage making it possible for a seamless transition for the next owner to take over as a restaurant, or to reimagine this large kitchen space in a different capacity. In addition, there is also a full service bar area. Large occupancy capacity at 154 people with a fully integrated fire sprinkler system tied into the local fire department. Zoned GB allows for flexibility to include potential for a daycare, medical facility, multifamily development, bank, professional offices and so much more. Great investment into well cared for property that has had an immense pride of ownership. The sale price is for the land and real estate only. The existing business and liquor license can be purchased, if desired, at an additional price. Please do not visit property without a confirmed appointment.
Status:
Active
Type:
Commercial
Furnished Remarks:
Furnished
Units:
0
Zoning:
GB
Frontage:
100
Heating:
Central
Cooling:
Central Air
Basement:
None
Parking:
50-car
Acreage:
1.3
Est. Taxes:
$11,975
Assessment
$816,300
Construction
Brick
Utilities
Cable Available,Electricity Available,Natural Gas Available,Natural Gas Connected,Municipal Utilities,Sewer Connected,Water Connected
Amenities:
Golf, Highway Access, Near Schools, Restaurant, Shopping, High Traffic Location, Street Lights, Sidewalks
Days on Market:
167
MLS #:
1391139
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of LRB Realty Group 774-287-9750