Tiverton Restaurant Selling for $1 Million to the Right Buyer
Growing up on the Massachusetts-Rhode Island line, I was only minutes away from Wally's Tap House & Grill.
Over the 12 years of its existence in Tiverton, I've spent a buck or two at the bar or grabbed a pizza with some buddies while watching the game. It's one of those places where everyone knows everyone and your drink of choice is ready to go the second you walk through the door.
It's a turnkey pub, that's for sure, and it's on the market for just about one million dollars – $998,500, to be exact.
This commercial property at the top of American Legion Highway (Route 177) and Crandall Road (Route 81) sits on 1.87 acres with plenty of parking for customers and staff. It holds a 104-person capacity on the inside and opens up to an outside patio that includes additional seating for those late-evening summertime dinners.
According to BostonPads.com, the owners of the restaurant are simply looking to retire and have agreed to transfer over the property deed, the restaurant and the liquor license that goes with it.
It's one of the most convenient places to get to if you're looking to get take-out or grab some drinks on Friday night making it a very profitable location for whoever decides to take on Wally's as the new owners.
The monthly mortgage breakdown is $4,086 with a minimum down-payment of $200,000 (about 20 percent). So, if you're interested in dropping a million bucks on a place that's beloved by the locals, consider scooping up this lively establishment where everybody knows your name.