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259 Main st
Woonsocket, RI 02895
Retail Property For Sale
Executive Summary
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
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
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
6,921 SF
Building Class
B
Year Built
1920
Price
$975,000
Price Per SF
$140.88
Tenancy
Single
Building Height
1 Story
Building FAR
0.90
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
C1 - Riverfront Redevelopment District
Frontage
73’ on Main St
Amenities
- Signage
Property Taxes
| Parcel Number | WOON-000014C-000298-000005 | Improvements Assessment | $462,800 |
| Land Assessment | $59,600 | Total Assessment | $522,400 |
Property Taxes
Parcel Number
WOON-000014C-000298-000005
Land Assessment
$59,600
Improvements Assessment
$462,800
Total Assessment
$522,400
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