Landmark Restaurant Providence

Retail-Commercial for Sale
Catylist Listing ID: 30568815
Property Subtypes: Free-Standing Building, Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 4,127 SF
Gross Building Area: See Agent
Sale Price: $649,900
Unit Price: $157.48 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/8/2020

Overview / Comments

Landmark Providence restaurant for sale. This family owned business has operated for two generations, serving lunches, dinners, graduation parties, christenings, birthdays, showers, catering and other family functions for decades, but the owner is ready to retire. Upper level formal dining room has 90 seats and kitchen with all new equipment and fixtures in 2015 on that level. Lower level features full bar area, secondary kitchen and prep area, plus 80 seats informal dining. This is the perfect opportunity for owner/operator looking for turn key operation with a great reputation who is willing to build on the existing customer base and expand opportunities. Includes building, adjoining parking lot, all furniture, fixtures and equipment, liquor license. Owner will offer some training to purchaser.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Submarket Type: Suburban
Tax ID/APN: PR 109-0151
Retail Clientele: General, Family, Business
Property Visibility: Good
Largest Nearby Street: Dyer Avenue
Highway Access: Route 6/10
Site Description: Building with parking lots on both sides.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Average
Roof Type: Gable
Parking Type: Surface
Parking Description: Parking can be maximized by adding valet parking.
Heat Type: Oil
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 34,124 226,446 406,976
Median Age: 30.29 33.48 36.25
Households: 11,325 82,523 155,905

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