Overview
- Updated On:
- September 28, 2024
Description
A great deal with this new price reduction. Assessed at almost $900,000 and with all restaurants operating equipment included, this property is priced to sell. All offers are considered. Take advantage of this opportunity while it lasts.
OWNER OPERATED since 1967.
Located in the heart of the Little Compton community, this well-established business and real estate is in a prime location. Fully serviced restaurant with beer and wine license. Building’s gross area 7,099 sq ft, with and additional 150 sq ft building/gift shop. Exterior Trex deck adds more potential for this commercial site.
Many possibilities. Buyer pays Little Compton Agricultural Conservancy Tax at closing.
Sale includes Business with all equipment and the Real Estate.
Address: 48 Commons
City: Little Compton
Area: The Commons
State/County: Newport
Zip: 02837
Country: US
Open In Google Maps Property Id : 1286290
Price: $ 1,100,000
Property Lot Size: 0 ft2
Basement: Full
Bridge Modification Timestamp: 2024-09-28T04:24:35.585Z
Building Area Total: 2048
Building Features: Restrooms,Security,Sprinklers
Business Name: Commons Restaurant
Business Type: Restaurant
Community Features: Public School,Recreational Facilities,Tennis,Restaurant
Contract Status Change Date: 2024-04-04
Cooling: Wall Unit(s)
Electric: 200 Amps,Generator,Generator-Whole House
Foundation Details: Concrete Perimeter
Frontage Length: 68
Furnished: Furnished
Gas: Connected
Inclusions: All restaurant equipment, counters, furniture, cabinets, walk in freezers.
See list attached.
List Agent Direct Phone: 508-558-9084
List Agent Email: randyestrellahomes@gmail.com
List Agent Full Name: Randy Estrella
Listing Contract Date: 2024-04-04
Listing Id: 1354088
Living Area Units: Square Feet
Lot Features: Free Standing,Rural
Lot Size Area: 5150
Lot Size Square Feet: 5150
Lot Size Units: Square Feet
Mls Status: Active
Modification Timestamp: 2024-09-28T04:22:11.993Z
Number Of Buildings: 2
Number of Units in Community: 1
Number of Units Leased: 0
Number of Units Total: 1
Occupant Type: Owner
Original Entry Timestamp: 2024-04-04T23:19:15.280Z
Original List Price: 1499000
Owner Pays: All Expenses,Cable TV,Electric,Exterior Maintenance,Heat,Insurance,Management,Repairs,Security,Taxes,Telephone,Trash Services
Parking Total: 0
Possible Use: Commercial,Food Service
Road Surface Type: Blacktop,Gravel
Seating Capacity: 100
Security Features: Fire Alarm,Fire Sprinkler System,Security System,Smoke Detector(s)
Sewer: Septic Tank
State or Province: RI
Status Change Timestamp: 2024-04-04T23:19:15.280Z
Stories: 1
Stories Total: 2
Street Name: Commons
Street Number: 48
Tax Annual Amount: 4238
Tax Year: 2023
Utilities: Cable Connected,Electricity Connected,Natural Gas Connected,Private Well,Phone Connected
Water Source: Private,Well
Year Built: 2005
Year Established: 1967
Years Current Owner: 57
Zoning: Comm
Other Features
Ceiling Height: 9-12 Ft
Electrical Utility Available
Has Cooling System
$ 4,264.92
per month- Principal and Interest
- Property Tax
- HOA fee
$ 4,264.92
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