Seller Financing
Address
501 High Street, South Kingstown, RI
Price
$ 139,900
Property Attributes
- MLS#1336306
- TypeSingle Family
- CountyWASHINGTON
- CitySouth Kingstown
- NeighborhoodPeace Dale
- Zip02879
- StyleBusiness
- Price$ 139,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2108
- Lot Size12,196 SqFt
Data Source:
Rhode Island Statewide MLS (RIAR)
Property Description
Have you ever wanted to own your own restaurant? This is a great opportunity to purchase a turn key operation. This business has had tremendous growth over the past few years with room to still make it your own! It is currently voted best BBQ in Rhode Island, right here in downtown South Kingstown. If you pop in on any evening or Saturday afternoon you will quickly see they have a huge local following with regulars everywhere you look. The waitresses know their orders before they even sit down! They have also established a thriving catering business to work out of the existing kitchen to maximize profitability even during non business hours. They are fully staffed and are willing to help after closing to create a smooth transition for any buyer. Possible owner financing available!!
| Price History | |
|---|---|
| 5/25/2023 | Listed $149,900 |
| 10/27/2023 | 7% - $139,900 |
General Features
| Sewer | Connected |
|---|---|
| Utilities | SewerConnected |
| Possession | Negotiable |
| Security Features | ClosedCircuitCameras,FireAlarm |
| Construction Materials | Frame |
| Year Built | 1900 |
| Electric | Item200AmpService,CircuitBreakers |
| Property SubType | Business |
| Tax Year | 2022 |
| Business Type | BarTavernLounge,FoodBeverage,Restaurant |
| Community Features | HighTrafficLocation,Sidewalks |
| Business Name | The Flatts |
| County | Washington |
| New Construction | No |
| Property Type | BusinessOpportunity |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Subdivision Name | Peace Dale |
| Garage Y/N | No |
| Status | Active |
| City | South Kingstown |
| Buyer Agent Compensation | 3% of Net sale |
| View Y/N | No |
| Senior Community Y/N | No |
| Total Units | 1 |
| Lot Size Square Feet | 12196.0 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | High |
| Property Attached Y/N | No |
| Land Lease Y/N | No |
| Tax Annual Amount | 0.0 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | Yes |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Days on Market | 302 |
| Standard Status | Active |
| Occupancy Description | Tenant |
| Property Sub Type Additional | Business |
| MobileHomeRemainsYN | No |
Interior Features
| Basement (Y/N) | No |
|---|---|
| Air Conditioning Y/N | No |
| Heating Y/N | No |
| Fireplace Y/N | No |
| Above Grade Finished Area | 2108.0 |
| Street Suffix | Street |
| Electric On Property Y/N | No |
| SeatingCapacity | 48 |
Exterior Features
| Total Parking | 15.0 |
|---|---|
| Inclusions | Full inventory,Menu,recipes,Full liquor license,Vendor information,full list of kitchen and restaurant equipment available. Owner willing to hold financing for the right buyer!! |
| Lot Size Area | 12196.0 |
| Number of Buildings | 1 |
| Spa | No |
| Building Area Total | 2108.0 |
| Road Surface Type | Asphalt |
| Lot Size Units | SquareFeet |
| Road Frontage Type | StateRoad |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 02879
Price
Visits
Year Built
Walkscore
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