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2 Watson Ave
Jamestown, RI 02835
Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Highly Profitable, Terrific Location, Loyal Customer Base and Opportunity to Expand Hours for Additional Profitability.

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
2,063 SF
Building Class
B
Year Built/Renovated
1970/2016
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.16 AC
Zoning
CL

ABOUT 2 WATSON AVE , JAMESTOWN, RI 02835

The Village Hearth Bakery & Cafe. Unique Business Opportunity in Jamestown Village! The beloved Village Hearth Bakery & Cafe is available for the first time in 18 years. Currently operating as an artisan cafe, bakery, and wood-fired pizzeria with recently added wine, beer and entertainment licenses. This fully equipped restaurant includes: * a new state-of-the-art kitchen (w/ new hood and fire suppressant system); *a masonry wood-fired oven that produces large quantities of bread and pizzas; *indoor seating capacity of 40, with an additional 22 seats on the outdoor deck; *beer, wine and entertainment licenses; *a new roof and new energy-efficient solar panels, generating 60% of its electricity; *ample on-street parking. With an ideal Jamestown Village location, it sits at a highly-trafficked intersection next to a gas station and across from a busy playground, library and cultural arts center. Family-owned and operated for 18 years, this cafe enjoys wide popularity, a large customer base, and high cash flow. While the current owners have intentionally limited the days of operation in order to enjoy Jamestown's island lifestyle, there is great potential for expansion of the days/hours of operation for additional revenue. P&L statement is available to qualified buyers. Purchase the business, real estate, and all furniture, fixtures and equipment for $1,249,000, or purchase just the business alone (with a building lease) for $574,000. A unique opportunity with terrific cash flow, or expand the hours/days of operation for even greater profitability! Call for more details about this very profitable business. Visit: https://www.planomatic.com/mls299465

PROPERTY TAXES

  • Listing ID: 18419145

  • Date on Market: 2/5/2020

  • Last Updated:

  • Address: 2 Watson Ave, Jamestown, RI 02835