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501 High Street, South Kingstown, RI 02879
$99,000
501 High Street, South Kingstown, RI 02879View this property at 501 High Street, South Kingstown, RI 02879
501 High StreetSouth KingstownRI02879
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Property Description
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!!
Full Property Details
Full Property Details for 501 High St
General
- Price: $99,000
- Taxes: (2022)
- Status: Active
- Type: Business
- MLS ID: 1336306
- Updated: 5/15/2024
- Added to Site: 383 day(s) ago
Business
- Name: The Flatts
- Business Type: Bar/Tavern/Lounge, Food & Beverage, Restaurant
- Year Established: 2018
- Seating Capacity: 48
Additional Information
- Security/Safety: Closed Circuit Camera(s), Fire Alarm
Parking
- Total Spaces: 15
Location
- County: Washington
- Subdivision: Peace Dale
Community
- Units Assoc/Comm: 1
Utilities
- Sewer: Connected
- Utility Description: Sewer Connected
Structural Information
- # Buildings: 1
- Property Detached: Yes
- Detached/Attached: Detached
- Construction: Frame
- Stories/Levels: 0
- Building Size: 2108
- Finished Total: 2,108 Sq. Ft.
- Finished Above Grnd: 2,108 Sq. Ft.
- Year Built: 1900
Lot Features
- Lot Size (Sq. Ft.): 12,196
- Lot Size: 12196
- Frontage: State Road, Asphalt
- Sidewalks: Yes
Financial Considerations
- Tax Year: 2022
Disclosures and Reports
- Inclusions: Full inventory, Menu, recipes, Full liquor license, Vendor information, full list of kitchen and restaurant equipment available. Owner willing to hold financing for the right buyer!!
- Property ID: 501HIGHSTSKNG
Listed by Keller Williams Coastal
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Schools
Schools serving 501 High St
School District:South Kingstown Schools
Rating | Name | Grades | Distance |
---|---|---|---|
215 Columbia St, Wakefield, RI 02879 | 9-12 | 0.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 501 High St
Date
Details
Price
Change
Source
5/15/2024
Price Reduced
$99,000
-29.24%
MLS
10/27/2023
Price Reduced
$139,900
-6.67%
MLS
5/25/2023
Listed
$149,900
—
MLS
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
Tax History for 501 High St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,727
1%
$337,300
—
2022
$3,693
-8%
$337,300
21%
2021
$4,034
—
$279,200
—
2020
$4,034
—
$279,200
—
2019
$4,034
—
$279,200
8%
2018
$4,045
2%
$258,000
—
2017
$3,950
1%
$258,000
—
2016
$3,893
-9%
$258,000
-6%
2015
$4,263
—
$274,700
—
2014
$4,252
—
$274,700
—
2013
$4,250
—
$274,700
—
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
Estimate the Cost for 501 High St
501 High Street, South Kingstown, RI 02879 (MLS# 1336306) is a Business property. 501 High Street is currently listed for $99,000 and was received on May 25, 2023. Want to learn more about 501 High Street? Do you have questions about finding other Business real estate for sale in South Kingstown? You can browse all South Kingstown real estate or contact a Coldwell Banker agent to request more information.