40 Narragansett Ave. – Restraurant For Sale

Great New Restaurant Opportunity

Property Description

Chopmist Charlie’s is now available to a new operator who wishes to benefit from 25+ plus years of serving Jamestown and Southern RI. This iconic full-service restaurant is poised to serve the needs of hungry and thirsty residents and visitors. Whether your interest is fine dining, casual pub or the newly designed food emporium, this spot has the bones for it. A culinary destination combined with a complete makeover a year ago, makes this the ultimate turnkey opportunity. A brand new state-of-the-art fully equipped kitchen with the finest of appliances and sanitation technology. This sale is for the BUSINESS ONLY. No Real Estate to be conveyed! Subject to negotiating new lease with Landlord. Current rent ~$3800/mo. Sublease requires $50,000 Deposit & $6,000/mo.

Property Details

Address: 40 Narragansett Ave, Jamestown, RI
Buillding Size: 1920 sf + 1920 sf Basement (According to Tax Database)
Sale Price: $315,000- Business only
Lease Price: $3800/mo. * Subject to negotiation of new lease - Or Sublease! See above.
Sewer: Town Sewer
Water: Town Water
Plat: 8
Lot: 471
Year Built: 2021- restaurant renovation
Unit Descriptions:

Lower level has ~1920 sf of prep & storage space with rows of dry storage racks, two walk-in coolers and a walk-in freezer.

Traffic Counter: See Map
Location: Downtown Tourist Area
Site: Heavy shopping district
Rent Increases: Annually plus increases in property taxes
Term: Negotiable
Parking: 12
Electric: 3 Phase
Heat / Air: Gas Fired Forced Air, AC or Mini Splits
Available Date: Immediately
Zoning: CD (Commercial District)
Trash: Tenant Responsible
Insurance: $1M Public Liability & Plate Glass Insurance Naming Landlord as Additional Insured
Condition: Excellent
Permits In Place: Full Liquor License to be Transferred

40 Narragansett Ave, Jamestown, RI,
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