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    2 Watson Avenue

    Jamestown, RI 02835
    • $399,000
    • STATUS: Active
    • ON SITE: 290 days
    • MLS #: 1242527
    UPDATED: 53 min ago
    $399,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,063
      SQFT
    • $193
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1970
    County:
    Area:

    School Ratings & Info

    Description

    Unique Business Opportunity in Jamestown Village: The beloved Village Hearth Bakery & Cafe, a highly successful artisan cafe, bakery, and wood-fired pizzeria with wine, beer & entertainment licenses, is available for the first time in 19 years! This highly successful and profitable business is being offered for $399,000 for the turn-key business with all furniture and equipment, with a lease of the building. Features incl.: a state-of-the-art kitchen w/ new hood & fire suppressant system, a masonry wood-fired oven that produces large quantities of bread and pizzas, indoor seating capacity of 40 w/ an additional 22 seasonal seats on the outdoor deck, a new roof, and new energy-efficient solar panels generating 60% of its electricity. In an ideal Jamestown Village location, it sits at a highly-trafficked intersection next to a Cumberland Farms gas station and across from a busy playground, library and cultural arts center. Ample on-street parking. This cafe enjoys wide popularity, a large customer base and high cash flow. While the current owners have intentionally limited the days of operation 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. A unique opportunity with terrific cash flow, or expand the hours/days of operation for even greater profitability! Also offered at $1,074,000 including the real estate, with possible seller financing.

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    © 2020 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Mercurio Group Real Estate are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Mercurio Group Real Estate. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2020-09-20T22:37:31.327.
    www.mercuriogroup.com/homes/101432292
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    2 Watson Avenue Jamestown, RI 02835

    • Price: $399,000
    • Status: Active
    • Updated: 53 min ago
    • MLS #: 1242527
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,063
    SQFT
    $193
    $/SQFT
    1970
    Built
    Neighborhood:
    Village / Downtown
    County:
    Newport
    Area:
    Jamestown
    Property Description
    Unique Business Opportunity in Jamestown Village: The beloved Village Hearth Bakery & Cafe, a highly successful artisan cafe, bakery, and wood-fired pizzeria with wine, beer & entertainment licenses, is available for the first time in 19 years! This highly successful and profitable business is being offered for $399,000 for the turn-key business with all furniture and equipment, with a lease of the building. Features incl.: a state-of-the-art kitchen w/ new hood & fire suppressant system, a masonry wood-fired oven that produces large quantities of bread and pizzas, indoor seating capacity of 40 w/ an additional 22 seasonal seats on the outdoor deck, a new roof, and new energy-efficient solar panels generating 60% of its electricity. In an ideal Jamestown Village location, it sits at a highly-trafficked intersection next to a Cumberland Farms gas station and across from a busy playground, library and cultural arts center. Ample on-street parking. This cafe enjoys wide popularity, a large customer base and high cash flow. While the current owners have intentionally limited the days of operation 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. A unique opportunity with terrific cash flow, or expand the hours/days of operation for even greater profitability! Also offered at $1,074,000 including the real estate, with possible seller financing.
    Exterior Features

    Construction Materials Frame Foundation Details Concrete Perimeter Lot Features Corner Lot Parking Total 1

    Interior Features

    Basement Partial Basement YN Yes Cooling Ductless Furnished Furnished Heating CentralForced Air

    Property Features

    Association Amenities PlaygroundRestaurantTennis Court(S) Association Fee 0 Business Type Food & Beverage Community Features GolfHighway AccessMarinaNear SchoolsPlaygroundPublic TransportationRecreation AreaRestaurantShoppingSidewalksTennis Court(S)Street Lights Electric 3 Phase Green Energy Generation Solar Green Location Public TransportationWalkability Inclusions All Bakery FurnitureFixtures And Equipment Are included W/ A Nnn Lease. Sellers Will include Some Training And Assist W/ The Transfer Of BeerWine And Entertainment Licenses. Land Lease YN No Laundry Features Common Area Lease Considered YN Yes Operating Expense 0 Possible Use CommercialOfficeRetail Property Sub Type Business Road Frontage Type City Street Road Surface Type Asphalt Security Features Carbon Monoxide Detector(S)Fire Alarm Sewer ConnectedPublic SewerSanitary Tax Annual Amount 4192 Tax Assessed Value 514800 Tax Lot 774 Tax Year 2019 Tenant Pays All Utilities Utilities Electricity AvailableMunicipal UtilitiesPhone AvailableWater Connected Water Source ConnectedPublic Zoning Cl

    Listing information © 2020 State-Wide Multiple Listing Service.
    Listing provided courtesy of Lila Delman Re Of Jamestown.





    © 2020 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Mercurio Group Real Estate are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Mercurio Group Real Estate. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2020-09-20T22:37:31.327.
     
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