Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$1,100,000 Sale Pending

  • For Sale
  • Pending
  • Commercial Service
See This Home
Save This Home
See This Home
Save This Home
BACK ON MARKET! Many Possibilities with this 7000 square foot commercial space. A lot of business possibilities in this prime location in town. Sale is for the Real Estate. Business comes with the sale. Operating in The Commons since 1967. Property up $100,000 more with new assessment in town. Buyer is responsible for the Little Compton Agricultural Conservancy Tax

Full Property Details for 48 Commons

General

  • Price: $1,100,000
  • Taxes: $4,238 (2023)
  • Status: Pending
  • Type: Commercial Service
  • Source: STWMLS
  • MLS ID: 1354088
  • Updated: 7/23/2025
  • Added to Site: 659 day(s) ago

Business

  • Name: Commons Restaurant
  • Business Type: Restaurant
  • Year Established: 1967
  • Seating Capacity: 100

Interior

  • Furnished: Yes
  • Furnishings: Furnished

Additional Information

  • Shared Amenities: Restaurant
  • Tennis: Yes
  • Security/Safety: Security System, Fire Alarm, Smoke Detector(s), Building Security, Fire Sprinkler System

Location

  • County: Newport
  • Subdivision: The Commons

Community

  • Units Assoc/Comm: 1

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Wall Unit(s)

Utilities

  • Sewer: Septic Tank
  • Water: Private, Well
  • Well: Yes
  • Cable Available: Yes
  • Utility Description: Cable Available, Electricity Available, Natural Gas Not Available, Phone Available, Water Available

Structural Information

  • # Buildings: 2
  • Detached/Attached: Attached
  • Construction: Other
  • Basement: Yes
  • Basement Desc.: Full
  • Stories/Levels: 2
  • Building Size: 2048
  • Finished Total: 2,048 Sq. Ft.
  • Finished Above Grnd: 2,048 Sq. Ft.
  • Year Built: 2005
  • Other Struct. Feat.: Public Restrooms

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Size (Sq. Ft.): 5,150
  • Lot Size: 5150
  • Potential Use: Commercial

Financial Considerations

  • Tax Amount: $4,238
  • Tax Year: 2023
  • Owner Pays: All Utilities, Cable TV, Electricity, Exterior Maintenance, Heat, Insurance, Management, Repairs, Security, Taxes, Trash Collection, Telephone

Disclosures and Reports

  • Inclusions: All restaurant equipment, counters, furniture, cabinets, walk in freezers. See list attached.
  • Property ID: 48COMMONSLCOM
  • Lot Number: 3-3

Listed by Venture

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 48 Commons —

  • Venture

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 48 Commons

School District:Little Compton School District
NameGradesDistance
Wilbur & McMahon School
28 Commons, Little Compton, RI 02837
PK-80.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 48 Commons Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/16/2024
Price Reduced
$1,100,000
-16.98%
MLS
7/31/2024
Price Reduced
$1,325,000
-11.61%
MLS
4/04/2024
Listed
$1,499,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 48 Commons

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,528
4%
$945,300
11%
2024
$4,341
2%
$854,500
—
2023
$4,238
1%
$854,500
—
2022
$4,187
-8%
$854,500
14%
2021
$4,542
1%
$752,000
—
2020
$4,504
1%
$752,000
—
2019
$4,459
1%
$752,000
1%
2018
$4,429
5%
$743,100
—
2016
$4,213
—
$743,100
1%
2015
$4,226
2%
$734,900
—
2014
$4,145
4%
$734,900
—
2013
$3,991
—
$734,900
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 48 Commons

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Venture

Similar Properties near 48 Commons

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

501 Park Ave, Portsmouth, RI 02871 - Photo 1
$999,900

501 Park Ave  Portsmouth, RI 02871

  • Commercial Service
  • Active
170 Franklin St, Bristol, RI 02809 - Photo 1
$925,000

170 Franklin St  Bristol, RI 02809

  • Commercial Service
  • Active

Just Listed near 48 Commons

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

16 Ward Ave, Middletown, RI 02842 - Photo 1 Just Listed
$739,000
Open House

16 Ward Ave  Middletown, RI 02842

  • Single Family
  • Active
  • Updated 2 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 2,398
    Sq. Ft.
35 Squantum Dr, Middletown, RI 02842 - Photo 1 Just Listed
$619,000
Open House

35 Squantum Dr  Middletown, RI 02842

  • Single Family
  • Active
  • Updated 1 day ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,030
    Sq. Ft.
19 Vernon Ave, Newport, RI 02840 - Photo 1 Just Listed
$825,000

19 Vernon Ave  Newport, RI 02840

  • Multi-Family
  • Active
  • Updated 11 hours ago
  • 2
    Units
  • 5
    Total Beds
  • 0.135
    Acres
102 Easton Ave, Portsmouth, RI 02871 - Photo 1 Just Listed
$650,000
Open House

102 Easton Ave  Portsmouth, RI 02871

  • Single Family
  • Active
  • Updated 1 day ago
  • 2
    Beds
  • 1
    Total Bath
  • 840
    Sq. Ft.

Price Reduced near 48 Commons

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

529 Forest Prk, Middletown, RI 02842 - Photo 1 Price Reduced
-$11,500 (-15.03%)
$65,000

529 Forest Prk  Middletown, RI 02842

  • Single Family
  • Active
  • Updated 9 hours ago
  • 1
    Bed
  • 1
    Total Bath
  • 396
    Sq. Ft.
16 Dartmouth St, Newport, RI 02840 - Photo 1 Price Reduced
-$25,000 (-3.33%)
$725,000

16 Dartmouth St  Newport, RI 02840

  • Single Family
  • Active
  • Updated 6 days ago
  • 3
    Beds
  • 1
    Total Bath
  • 1,200
    Sq. Ft.
12 Collins St, Newport, RI 02840 - Photo 1 Price Reduced
-$100,000 (-8.7%)
$1,050,000

12 Collins St  Newport, RI 02840

  • Commercial Residential Facility
  • Active
2 Perry St, Newport, RI 02840 - Photo 1 Price Reduced
-$50,000 (-2.74%)
$1,775,000

2 Perry St  Newport, RI 02840

  • Apartment
  • Active
  • Updated 9 hours ago
  • 4
    Beds
  • 4
    Total Baths

Recent Sales near 48 Commons

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

420 Long Hwy, Little Compton, RI 02837 - Photo 1 Sold
$1,265,000

420 Long Hwy  Little Compton, RI 02837

  • Single Family
  • Closed
  • 3
    Beds
  • 3
    Total Baths
  • 2,560
    Sq. Ft.
25 Carey Ln, Little Compton, RI 02837 - Photo 1 Sold
$990,000

25 Carey Ln  Little Compton, RI 02837

  • Single Family
  • Closed
  • 4
    Beds
  • 2
    Total Baths
  • 1,588
    Sq. Ft.
1 Hinter Wy, Little Compton, RI 02837 - Photo 1 Sold
$1,150,000

1 Hinter Wy  Little Compton, RI 02837

  • Single Family
  • Closed
  • 4
    Beds
  • 3
    Total Baths
  • 2,896
    Sq. Ft.
31 Peaceful Way, Tiverton, RI 02878 - Photo 1 Sold
$1,205,500

31 Peaceful Way  Tiverton, RI 02878

  • Single Family
  • Closed
  • 3
    Beds
  • 3
    Total Baths
  • 2,443
    Sq. Ft.

48 Commons, Little Compton, RI 02837 (MLS# 1354088) is a Commercial Service property. 48 Commons is currently listed for $1,100,000 and was received on April 04, 2024. Want to learn more about 48 Commons? Do you have questions about finding other Commercial Service real estate for sale in Little Compton? You can browse all Little Compton real estate or contact a Coldwell Banker agent to request more information.

Tour this property