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$43,000

  • Sold
  • Closed
  • Business
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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 for 501 High St

General

  • Sold For: $43,000
  • Taxes: (2025)
  • Status: Closed
  • Type: Business
  • Source: STWMLS
  • MLS ID: 1398738
  • Added to Site: 161 day(s) ago

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

Listing agent

— 501 High St —

  • Real Broker, LLC

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 501 High St

School District:South Kingstown School District
NameGradesDistance
South Kingstown High School
215 Columbia Street, South Kingstown, RI 02879
9-120.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions 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
1/21/2026
Sold
$43,000
-42.67%
MLS
10/25/2025
Listed
$75,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Real Broker, LLC
Sold by Serhant New England

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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.