Interested in owning a bar/restaurant on Thames Street and/or a commercial building? Here’s your chance.
464 Thames Street, home to Harry’s Bar & Burger, has hit the market for $995,000. The building includes a two-level restaurant and a two bedroom apartment.
If you’re interested in buying your next home/investment and career, the restaurant business can be yours for $300,000 which includes a beer and wine license.
Harry’s Bar & Burger, a Chow Fun Food Group restaurant, which also has two locations in Providence and one location in Lincoln, opened in Newport in 2017.
John Elkhay, Maestro of Chow Fun Food Group, told What’s Up Newp on Tuesday that the COVID-19 restrictions (dining/seating/hours) put forth this year hit Harry’s Bar & Burger very hard, “When you sell $4 hamburgers and $2 french fries, it’s very difficult to operate this kind of restaurant concept under the seating, dining, and hour restrictions”.
Elkhay said that he knew that the building was going to be put on the market by its owners and decided to test the market for the restaurant business. Elkhay says that he believes it’s a gem of a property it would be “a perfect opportunity for a Chef owned situation with the proper concept”.
If the business doesn’t sell, Elkhay says that he’s optimistic for 2021 and will change the concept of the restaurant and reopen in the spring.
Kirby Properties has the listing and describes the property as “CHECK IT OUT! A fabulous opportunity to own your own restaurant in the heavy foot traffic area of Newport. A great corner location with fabulous visibility. Business includes a Beer & Wine license. Dramatic two bedroom apartment on the third floor. Water views from the upper floors. Ideal work / live situation. Buy the restaurant, Buy the building, or buy your next home & career”! See the full listing here.