Garden Zen

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30631519
Property Subtypes: Free-Standing Building, Restaurant, Tavern/Bar/Nightclub, Other
Status: Pending/Contingent
Building Status: Proposed
Building Size (RSF): 6,652 SF
Gross Building Area: See Agent
Gross Land Area: 1.39 Acres
Sale Price: $390,000
Unit Price: $58.63 PSF
Property Use Type: Vacant/Owner-User
Building Name: fka Garden Zen
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/20/2021

Overview / Comments

Closed restaurant with multi level dinning and function rooms. Modern interior design with stylish stone top bars, hardwood floors, deck off of the 1st floor dinning and bar area. Property features a back patio with bar. Two (2) large parking areas with overflow parking (90 parking spaces). large kitchen and well appointed 1st floor dining area (was 290 indoor seating with additional 150 outdoor seating), men's and ladies room.
~2nd floor is set up for functions or meetings with full bar storage and 2nd men's and ladies room. ~3rd floor office area with full bath/shower.
~Basement storage area for liquor, supplies, dry storage for food and supplies. Kitchen features walk in and reach in coolers and freezers, full commercial food preparation train, deli/salad stations, prep stations, deep frying equipment, ovens, commercial grade stoves, grills and griddles.
~Two lots 56/9 = .85 ac. has 180' front on Washington. 56/11= .54 ac has 200' front on MacArthur (used by Moore Garage). Total 1.39 acres
Total - Assessment $565,800, Property Taxes $15,169. Fire District $1,838.85 .
NOTE: Many of these are old pictures; there is little furniture, fixtures, or equipment left, although the infrastructure for all kitchen equipment is there...
Four HVAC systems and updated 400 amp service, all appears to be in excellent condition,
Butler Realty Group
Trusted Real Estate Service since 1977

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Tax ID/APN: CO 56 9
Retail Clientele: General
Property Located Between: near corner of MacArthur
Property Visibility: Excellent
Largest Nearby Street: MacArthur
Tenancy: Single Tenant
Number of Stories: 3
Property Condition: Good
Year Built: 1947
Year Renovated: 2007
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding, Metal/Glass
Total Parking Spaces: 90
Parking Type: Structure
Sprinklers: Other
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,914 62,622 129,123
Median Age: 37.04 41.28 42.87
Households: 5,091 26,369 52,372


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