Catylist ID:
#30681213
Profitable Restaurant and Multi Family
Retail-Commercial
for Sale
| Catylist Listing ID: | 30681213 |
| Property Subtypes: | Mixed Use, Restaurant |
| Building Size (RSF): | 3,900 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 14,375 SF |
| Sale Price: | $689,000 |
| Unit Price: | $176.67 PSF |
| Property Use Type: | Business |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 2/14/2021 |
Overview / Comments
|
This amazing multi-use property includes a true turn-key, profitable diner and a large, updated, rented two-family home. The diner seats 72 inside and 20 outside. Completely updated with new A/C, high efficiency gas boiler, hot water tank, new roof and newer kitchen equipment. The property is located on the well traveled Route 44. The location itself has been an establishment diner since the 1950's; however operates with the newest technology (brand new POS system and I-pads) as well Covid-19 safety and convenience updates like plexi shields and QR menus. Well partnered with GrubHub, Uber Eats and DoorDash. The Two-Family offers very large, well updated and finished units. 2 bedroom on the first floor, and 4 bedroom on the second. Updated within the last 8 years: electrical, windows, roof, heating, hot water tank. Connected to gas, public water, sewer. East Providence makes it easy for reapplication of liquor license; expanded out-door eating, etc. Business and associated assets included in sale. |
Attachments & Media
Additional Details
| Nearest MSA: | Providence-Warwick |
| County: | Providence |
| Taxing Authority: | East Providence |
| Tax ID/APN: | EP 306-020-01.00 |
| Zoning: | C4 |
| Property Visibility: | Excellent |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 2 |
| Number of Stories: | 2 |
| Property Condition: | Good |
| Year Built: | 1950 |
| Year Renovated: | 2020 |
| Roof Type: | Flat |
| Construction/Siding: | Brick/Aluminum Siding |
| Total Parking Spaces: | 24 |
| Heat Type: | Natural Gas |
| Heat Source: | Central |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 17,189 | 128,806 | 392,865 |
| Median Age: | 41.24 | 35.45 | 35.37 |
| Households: | 7,517 | 50,188 | 150,216 |
Contact
Kathleen BerardThe Mello Group, Inc.ECCPN Member |
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