Mirabar Providence

Retail-Commercial for Sale
Catylist Listing ID: 30644581
Property Subtypes: Free-Standing Building, Restaurant, Tavern/Bar/Nightclub
Condo? Yes
Building Size (RSF): 4,280 SF
Gross Building Area: See Agent
Gross Land Area: 9,022 SF
Sale Price: $800,000
In Opportunity Zone? Yes
Property Use Type: Business
Building Name: 150 Chestnut Street
Usable Size (USF): 4,280 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 9/22/2020

Overview / Comments

Excellent opportunity to own both the property (1 condo unit where the nightclub is located) and business bar/night club in the lively Jewelry District of Providence. Price includes the unit and business with all furnishings except the pool table equipment and atm. The unit has a small non-commercial kitchen. Decor is pub style and features a wrap around bar that seats 20, seating areas, dance floor, stage and two bathrooms. Total capacity is 296. The condo is on the first floor with ADA ready entrance. It comes with 4 parking spots with several parking lots in the area. The building is a 16 unit, 8 story high, condo complex with the first 4 floors classified as commercial while the top 4 floors is residential. The immediate area is experiencing a revival with infusion of Brown University investments and renovations of buildings in the area. Great spot for a cafe, pub, bar, or nightclub catering business people and college students. It is zoned as nightclub use. Call for showings.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: Providence
Tax ID/APN: PROV-000021-000000-000099-P000000
Is Condo?: Yes
Zoning: N-NIGHTCLUB
Retail Clientele: Recreation
Property Located Between: Chestnut & Elbow Street
Property Visibility: Good
Largest Nearby Street: Chestnut Street
Feet of Frontage: 105
Highway Access: 1.6 miles from I95 to all major highways.
Airports: TF Green 8.9 miles away.
Site Description: Ground floor unit of condo building. Bar/Nightclub set up.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1900
Roof Type: Gable
Construction/Siding: Block, Brick
Exterior Description: Red brick multi-story condo building. Small parking lot across the street. Sidewalks and two track road on the immediate exterior.
Total Parking Spaces: 4
Parking Type: Surface
Parking Description: Small lot across from the building. Parking from 5:30pm on weekdays & all day during weekends.
Heat Type: Natural Gas
Internet Access: Cable
Interior Description: Decor is pub style and features a wrap around bar that seats 20, seating areas, dance floor, stage and two bathrooms. Total capacity is 296.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 34,758 246,624 451,844
Median Age: 28.27 32.76 36.42
Households: 12,083 91,027 176,185

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