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Serio's Restaurant 405 Church St 3,210 SF Retail Building Pascoag, RI 02859 $650,000 ($202.49/SF)
EXECUTIVE SUMMARY
A beloved local landmark - Restaurant Business & Real Estate Opportunity! For the 1st time in nearly 3 decades, this well-known and well-loved local restaurant is ready to welcome its next chapter. Originally opened in 1964 and proudly operated under the same ownership since 1996, this establishment has been a cornerstone of the community. A place where generations have gathered for hearty breakfasts, friendly lunches and dinners that feel like home. With seating for approx 90 guests, the restaurant offers both dine-in and takeout service, and continues to operate with a loyal customer base and steady business. The sale includes the real estate, business, all furniture, fixtures, kitchen equipment, coolers, and walk ins, making it a truly turnkey opportunity for the next owner to step right in and carry on the tradition! The building, originally constructed in 1963, spans over 3200 sq ft and features updated restrooms, an active liquor license, and a layout designed for smooth and efficient service. After a remarkable 55 years of hard work as both employee and then owner, dedication and community connection, the owner is ready to pass the torch, offering a rare opportunity for someone new to continue this restaurant's legacy while making it their own. Whether you're an experienced restaurateur or an entrepreneur inspired by the idea of carrying on a local favorite, this property represents not just a business, but a piece of local history, tradition and heart.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,210 SF
Building Class
C
Year Built
1963
Price
$650,000
Price Per SF
$202.49
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.52 AC
Zoning
VC - Village Commercial (formerly C-1)
AMENITIES
- Corner Lot
- Restaurant
- Signage
- Smoke Detector
PROPERTY TAXES
| Parcel Number | BURR-000157-000000-000041 | Improvements Assessment | $255,700 |
| Land Assessment | $113,200 | Total Assessment | $368,900 |
PROPERTY TAXES
Parcel Number
BURR-000157-000000-000041
Land Assessment
$113,200
Improvements Assessment
$255,700
Total Assessment
$368,900
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Serio's Restaurant | 405 Church St
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