1172 Main Street Richmond, RI $ 1,250,000
1172 Main Street
$ 1,250,000
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1172 Main Street

Richmond, RI, 02898
$ 1,250,000
Bedrooms-- Baths--

Monthly Estimate*

$ 7,696

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Commercial Property for sale in Richmond, RI

for $1,250,000. This building was built in 2009 on a lot size of 1.3.

Amazing opportunity to purchase this newer built (2009) commercial property that has been successfully operated as a restaurant since inception. This stately 5,400 sf stand alone building has high visibility on a well traveled road and boasts a beautiful brick exterior, ample parking and expansive backyard that creates opportunity for future expansion. The current layout highlights a stunning open format main dining area with high ceilings that has tremendous potential to easily retro fit as desired. There is an immensely large commercial grade kitchen with walk-in cooler, separate freezer, cooking equipment, plus storage making it possible for a seamless transition for the next owner to take over as a restaurant, or to reimagine this large kitchen space in a different capacity. In addition, there is also a full service bar area. Large occupancy capacity at 154 people with a fully integrated fire sprinkler system tied into the local fire department. Zoned GB allows for flexibility to include potential for a daycare, medical facility, multifamily development, bank, professional offices and so much more. Great investment into well cared for property that has had an immense pride of ownership. The sale price is for the land and real estate only. The existing business and liquor license can be purchased, if desired, at an additional price. Please do not visit property without a confirmed appointment.

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Commercial Active

Price

$ 1,250,000

Property Type

Commercial

Taxes

$ 11,975

Style

Lot Size

1.3

Year Built

2009

Town/City

Richmond

County/Region

Washington

MLS | Web ID

1391139

List By
Lrb Realty Group

Broker

LRBRealty01@gmail.com

Email

Affordability Calculator

$8,694
Per Month
89%
11%
0%
Monthly Principal & Interest
$7,696
Monthly Property Taxes
$998
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
11/4/2025$1,250,000 -13.79% Price Down
7/29/2025$1,450,000 Listed Price

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1172 Main Street, Richmond, RI, 02898 is a Commercial Property for sale at $1,250,000 with a lot size of 1.3. 1172 Main Street was built in 2009. The property's zip code is 02898 which is in Richmond, RI