446 Tiogue Ave, Coventry, RI 02816

Commercial property for lease

• Description
• Turnkey Restaurant / Tavern remodeled and totally renovated floor to roof in 2015!Over $1.8 spent on total project, all new just about everything, very attractive and detailed lakefront decor with 296 capacity, great outside deck area with bar, separate function room. Ship-shaped bar, over 100 beer taps, entertainment area, stained glass skylights, several big screen wall mounted TV's, stereo system. Business was re-opened as Tiogue Taven in October and was trending up with , but was top heavy on debt, low on marketing and reserves heading into holidays, closing in mid-January. Great opportunity to continue with at a fraction of cost and debt service. Literally bring in the food and beverage and be operational! Friendly bank/borrower agreement to sell. One of the nicest restaurant offerings I have seen in my 40 years in the business !Assessment $862,900, Taxes $22,272. Building price details: $750,000.
• Contact info
• Jeff Butler Team
• Note

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