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L.A. Cafe 245 Washington St 4,023 SF Retail Building West Warwick, RI 02893 $899,000 ($223.47/SF)
INVESTMENT HIGHLIGHTS
- Well Established Business
- Well Maintained Property
- Signange
- High Visibility
- Ample Parking
EXECUTIVE SUMMARY
Business, Real Estate & Inventory included. Very rare opportunity to purchase a well-run locally owned & operated business and nicely maintained real estate. Set on a highly visible corner lot with ample parking the real estate features a 4,000+ SF commercial building currently being used as a bar/lounge/billiard hall with full commercial kitchen, walk-in refrigerator, sound system for live music/DJ & more. The real estate also offers all public utilities (water/sewer/gas), young roof, recent updates & fire coded. The business, L.A Cafe, has been a staple for many years and offers a full liquor license, full commercial kitchen, great client base and the potential for increased sales if desired. Please do not visit business without a scheduled showing. Pride of Ownership.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$11,539
|
$2.87
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$11,539
|
$2.87
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Taxes | |
|---|---|
| Annual | $11,539 |
| Annual Per SF | $2.87 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $11,539 |
| Annual Per SF | $2.87 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
4,023 SF
Building Class
C
Year Built/Renovated
1920/2025
Price
$899,000
Price Per SF
$223.47
Business Value
$399,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.38 AC
Zoning
B - ADCD - Business - Arctic Village
Parking
30 Spaces (7.46 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Controlled Access
- Corner Lot
- Restaurant
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- L.A. Cafe
- -
- 4,023 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| L.A. Cafe | - | 4,023 SF | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $457,900 | |
| Land Assessment | $157,400 | Annual Taxes | $11,539 ($2.87/SF) |
| Improvements Assessment | $300,500 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$157,400
Improvements Assessment
$300,500
Total Assessment
$457,900
Annual Taxes
$11,539 ($2.87/SF)
Tax Year
2025
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L.A. Cafe | 245 Washington St
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