CCertihomes
501 High, South Kingstown, RI 02879

$99,000

0 beds 0 baths Built 1900Active

About this home

Have you ever wanted to own your own restaurant? This is a great opportunity to purchase a turn key operation. This business has had tremendous growth over the past few years with room to still make it your own! It is currently voted best BBQ in Rhode Island, right here in downtown South Kingstown. If you pop in on any evening or Saturday afternoon you will quickly see they have a huge local following with regulars everywhere you look. The waitresses know their orders before they even sit down! They have also established a thriving catering business to work out of the existing kitchen to maximize profitability even during non business hours. They are fully staffed and are willing to help after closing to create a smooth transition for any buyer. Possible owner financing available!!

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.19% APR.

Your estimated payment
$1,258/mo

Real estate (PITI + HOA + PMI)
$863
Principal + interest$638
Property tax + insurance$188
PMI / 2nd mortgage$37
Utilities
$406
Heating + cooling$50
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$134
Car insurance + maintenance$134
Other (entertainment)
$140
$1,258/mo TLC
Budget$5,000/mo
Remaining after TLC$3,742/mo
Purchase price
$99,000
Down payment
$4,950 (5%)
Loan amount
$94,050
APR
7.19%

Quick facts

Type
Business Opportunity
Style
Year built
1900
Lot size
Stories
0
Heating
Cooling
Water
HOA
Annual tax
MLS #
1336306
County
Washington

Home features

Sewer
Connected

Lot features

Downtown, Free Standing

Neighborhood — 02879

MetricThis ZIPCountyUSA
Population19,4401,095,423299,088,112
Population Change Since199025.00%9.00%20.00%
Population Density446994
Male9,384529,266147,432,321
Female10,057566,157151,655,844
Never Married4,290266,40463,775,926
Married8,694435,678123,120,365
Separated44343,64212,639,686
Widowed1,16066,66815,467,586
Divorced1,58083,84323,075,029
Number Of House Hold7,141410,399111,826,380
Average House Hold Size2.692.562.60
Medial Age41.0537.2735.46
Median House Hold Income$62,532$47,553$48,276
Average House Hold Income$83,621$61,609$63,629
P C I$30,999$23,965$24,529
M D I$51,687$40,634$41,133
A T H E$62,178$49,940$50,898
S T R7.00%7.00%
W C J80.62%78.02%77.74%
(Zip) Code
2879

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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RI & State Wide MLS

Listing information last refreshed 5/25/2023. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.