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$43,000
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Property Description
Incredible opportunity to own a fully equipped, turn-key restaurant and bar with strong local recognition! This South County favorite is being offered for sale, complete with all kitchen equipment, bar fixtures, furniture, and a full liquor license. The 5-year lease for the building is transferable, providing a smooth transition for the next owner. The property has been recently updated with a new heating system, central air, and a paved parking lot, making it truly move-in ready. Ideal for an experienced restaurateur or an entrepreneur ready to bring a new concept to a proven location, this offering presents a rare chance to step into a ready-made hospitality business in this thriving South County community.
Full Property Details
Full Property Details for 501 High St
General
- Sold For: $43,000
- Taxes: (2025)
- Status: Closed
- Type: Business
- Source: STWMLS
- MLS ID: 1398738
Property History
- 501 High St, South Kingstown, RI
- Sold $43,000 on 1/21/26
- Listed $75,000 on 10/25/25
Business
- Name: Terminesi's
- Business Type: Bar/Tavern/Lounge, Food & Beverage, Hospitality, Rest
- Seating Capacity: 48
Rental Information
- Lease Info: NNN
Additional Information
- Security/Safety: Fire Alarm, Smoke Detector(s)
Parking
- Total Spaces: 15
Location
- County: Washington
- Subdivision: Peace Dale
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
Utilities
- Sewer: Connected
- Utility Description: Sewer Connected
Structural Information
- # Buildings: 1
- Detached/Attached: Attached
- Construction: Frame
- Stories/Levels: 0
- Year Built: 1900
- Other Struct. Feat.: Public Restrooms
Lot Features
- Lot Size (Sq. Ft.): 12,196
- Lot Size: 12196
- Frontage: State Road, Asphalt, Paved
- Sidewalks: Yes
Financial Considerations
- Tax Year: 2025
Disclosures and Reports
- Inclusions: Full liquor license, Kitchen equipment and furniture
- Property ID: 501HIGHSTSKNG
Listed by Real Broker, LLC
Sold by Serhant New England
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Schools
Schools serving 501 High St
School District:South Kingstown School District
| Name | Grades | Distance |
|---|---|---|
South Kingstown High School 215 Columbia Street, South Kingstown, RI 02879 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
501 High Street, South Kingstown, RI 02879 (MLS# 1398738) is a Business property that was sold at $43,000 on January 21, 2026. 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.

