Federal Hill Restaurant Opportunity

Retail-Commercial for Lease
Lease Pending/Contingent
Catylist Listing ID: 30793226
Property Subtypes: Free-Standing Building, Restaurant, Tavern/Bar/Nightclub
Status: Pending/Contingent
Contiguous Space: 5,264 SF
Building Size (RSF): 5,264 SF
Gross Land Area: 0.16 Acres
Lease Rate: $6,500 (Monthly)
$14.82 PSF (Annual)
Lease Types: NNN
Building Name: Romeo's Restaurant
Usable Size (USF): 5,264 SF
Last Updated: 5/17/2022

Overview / Comments

The former Romeo's restaurant building is now available for lease. With 2,632sf of main level area, this space consists of a full bar, open kitchen concept, men's/ladies ADA bathrooms, seating for over 100 patrons, and outdoor patio area for another 20 diners. Existing equipment includes 8' Captive Air Hood with Ansul system, Pizza Oven, 6 burner oven, walk-in cooler plus an additional kitchen in lower level. In addition to the kitchen, the 2,632sf lower level consists of private office, full bathroom(w/shower), liquor room and lots of storage. There is parking for 10 vehicles in attached lot.

Property taxes $26,441 annually

Expand All Available Space

Suite: 1 5,264 SF $6,500 (Monthly) NNN
Level/Floor: 1
Space Available: 5,264 SF
Lease Rate: $6,500 (Monthly)
$14.82 PSF (Annual)
Lease Type: NNN
Date Available: 4/1/2022
Space Type: Relet
Parking Spaces 10
Tax Expenses $5.02 PSF (Annual)
Rent Escalators Step-Up Lease

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: City of Providence
Tax ID/APN: PR 028-1072
Zoning: C2
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Located Between: Atwells Avenue & Spruce Street
Property Visibility: Excellent
Largest Nearby Street: Atwells Avenue
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,632 SF
Property Condition: Good
Year Built: 2010
Year Renovated: 2013
Roof Type: Flat
Total Parking Spaces: 10
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lot Frontage: 102'
Lot Depth: 25'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 47,927 260,526 462,192
Median Age: 30.49 33.21 36.32
Households: 18,484 96,905 179,732


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