259 Main st - Restaurant FOR SALE


Woonsocket, RI 02895
$975,000 USD
401-255-7704
259 Main st, Woonsocket, RI for Sale
$975,000 USD
Restaurant - FOR SALE
1/16
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NEW


259 Main st
Woonsocket, RI 02895


OVERVIEW

Historic Restaurant, Music Venue and Operating Business For Sale – Chan’s Restaurant, Woonsocket, RI Peter M. Scotti & Associates, Inc. is pleased to offer Chan’s Restaurant, located at 259 Main Street, Woonsocket, Rhode Island, for sale at an asking price of $975,000. This unique offering includes the business, real estate, furniture, fixtures and equipment, creating a rare opportunity to acquire a fully operational restaurant and entertainment venue with over a century of history and strong regional name recognition. Chan’s contains approximately 7,000± square feet, offers approximately 50 parking spaces, accommodates approximately 225 patrons, includes a Class A liquor license, and is located in a C-1 zoned downtown location. Operating since 1905, Chan’s is believed to be the oldest Chinese restaurant in Rhode Island and is nationally known for its long-running “Egg Rolls & Jazz” entertainment programming. The offering is ideal for a restaurant operator, hospitality group, entertainment user, investor or owner-operator seeking a turnkey going-concern opportunity with an established business, recognized brand and built-in customer following. Buyers may continue the existing concept, expand the entertainment component, or reposition the business while benefiting from the property’s history, visibility, liquor license and parking. Highlights • Sale includes business + real estate + FF&E • 7,000± SF restaurant / entertainment property • Approximately 50 parking spaces • Capacity approximately 225 • Class A liquor license • C-1 zoning • Operating since 1905 • Oldest Chinese restaurant in Rhode Island • Nationally known “Egg Rolls & Jazz” venue • Asking Price: $975,000

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$141 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,677 SF

ZONING

C1

APN/PARCEL ID

WOON-000014C-000298-000005

ASK ABOUT THIS PROPERTY

Peter ScottiPeter Scotti & AssociatesMore Info
401-255-7704

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Peter ScottiPeter Scotti & AssociatesMore Info
401-255-7704

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.