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2 Watson Ave, Jamestown, RI – $399,000

  • $399k Price
  • 2,063 Sqft
  • .16 Acres
  • 183 DOM
  • $399k Price
  • 2,063 Sqft
  • .16 Acres
  • 183 DOM

2 Watson Ave

Unique Business Opportunity in Jamestown Village: The beloved Village Hearth Bakery & Cafe, a highly successful artisan cafe, bakery, and wood-fired pizzeria with wine, beer & entertainment licenses, is available for the first time in 19 years! This highly successful and profitable business is being offered for $399,000 for the turn-key business with all furniture and equipment, with a lease of the building. Features incl.: a state-of-the-art kitchen w/ new hood & fire suppressant system, a masonry wood-fired oven that produces large quantities of bread and pizzas, indoor seating capacity of 40 w/ an additional 22 seasonal seats on the outdoor deck, a new roof, and new energy-efficient solar panels generating 60% of its electricity. In an ideal Jamestown Village location, it sits at a highly-trafficked intersection next to a Cumberland Farms gas station and across from a busy playground, library and cultural arts center. Ample on-street parking. This cafe enjoys wide popularity, a large customer base and high cash flow. While the current owners have intentionally limited the days of operation to enjoy Jamestown's island lifestyle, there is great potential for expansion of the days/hours of operation for additional revenue. P&L statement is available to qualified buyers. A unique opportunity with terrific cash flow, or expand the hours/days of operation for even greater profitability! Also offered at $1,074,000 including the real estate, with possible seller financing.

Essential Information

  • MLS® #1242527
  • Price$399,000
  • Bathrooms0.00
  • Square Footage2,063
  • Acres0.16
  • Year Built1970
  • TypeCommercial Sale
  • Sub-TypeBusiness
  • StatusActive
  • HOA Dues0.00

Community Information

  • Address2 Watson Ave
  • SubdivisionVillage / Downtown
  • CityJamestown
  • CountyNewport
  • StateRI
  • Zip Code02835

Amenities

  • FeaturesCorner Lot
  • Parking Spaces1

Amenities

Playground, Restaurant, Tennis Court(s)

Utilities

Electricity Available, Municipal Utilities, Phone Available, Water Connected

Interior

  • HeatingCentral, Forced Air
  • CoolingDuctless
  • # of Stories1
  • Stories1

Exterior

  • ExteriorFrame
  • Lot DescriptionCorner Lot
  • ConstructionFrame
  • FoundationSlab

Additional Information

  • Date ListedAugust 30th, 2019
  • Days on Market183
  • ZoningCL

Listing Details

  • OfficeLila Delman Re Of Jamestown
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Lila Delman Re Of Jamestown.

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Information is deemed reliable but is not guaranteed. © 2020 State-Wide Multiple Listing Service. All rights reserved.

Listing information last updated on July 7th, 2020 at 9:19pm EDT.