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209 Main Street, Hopkinton, RI, 02804 | $1,350,000
Newly listed and newly renovated completely from the inside basement to restaurant proper and exterior this turn key restaurant with high end fixtures and kitchen equipment is located just 1 mile from Rt 95 in the quaint village of Ashaway. The location of this gem is on a highly traveled State road (rt3) the main artery into Westerly sees thousands of vehicles a day and triple that in the summer months. It is ripe to be run as a Farm to Table restaurant serving all three meals or a coffee shop or whatever type of hospitality industry you wish. The bar area offers a quant meet up place for a quick drink or to eat. The restaurant seats approximately 88 people and has plenty of parking around the back. The side of the restaurant offers potentially a great outdoor seating area with a service window already in place. Has well and a septic system that was replaced recently. The equipment and restaurant is basically brand new waiting for its new owners to come make it a reality. It can not be stressed enough, this restaurant is a beauty with all the bells and whistles ready to be up and running immediately! A Generac Standby generator is also brand new on site and negotiable, making your restaurant bulletproof!!! Call today for your private showing!
OWNER IS OPEN TO LEASE TO OWN OR SOME OWNER FINANCING WITH PROPER CREDIT AND BACKING!!!!!
Features
- Property Type: Commercial
- Permitted Use: Retail
- Construction: Brick,Frame
- Utilities: Natural Gas Available,Municipal Utilities,Water Connected
- Parking: 25-car
- Heating: Forced Air
- Cooling: Central Air
- Amenities: Golf,Highway Access,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s),High Traffic Location,Street Lights,Sidewalks
- Units: 1
- Zoning: CS
- Frontage: 150
- Year Built: 1960
- Acreage: 0.6
- Est. Taxes: $5,989
- MLS#: 1376738
- Website: https://www.raveis.com
/prop/1376738/209mainstreet_hopkinton_ri?source=qrflyer
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William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 7654
401.474.4879
Whitney.Rugg@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
209 Main Street, Hopkinton, RI, 02804
$1,350,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Whitney Rugg
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,080,000 | $1,080,000 | $1,080,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.550% | 6.346% | 5.907% |
| Monthly Tax Payment | $499 | $499 | $499 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,048 | $6,650 | $8,968 |
| Total Monthly Payment | $6,672 | $7,274 | $9,592 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB