Al's Waterfront Restaurant & Marina

Special Purpose for Sale
Catylist Listing ID: 30667298
Property Subtypes: Assembly/Meeting Place, Marina, Other
Building Status: Under Construction
Building Size (RSF): 12,001 SF
Gross Land Area: 1.12 Acres
Sale Price: $2,850,000
Property Use Type: Vacant/Owner-User, Business
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 11/23/2020

Overview / Comments

AL'S WATERFRONT RESTAURANT & MARINA IS NOW AVAILABLE... LOCATED NEXT TO THE WASHINGTON BRIDGE (I-95)/EAST BAY BIKE PATH WHERE THE SEEKONK RIVER FLOWS WITHIN PROVIDENCE HARBOR... SCENIC VIEWS OF INDIAN POINT PARK, BOLD POINT, FOX POINT AND BEYOND TO THE SERENE PROVIDENCE SKYLINE… THIS ROBUST EAST PROVIDENCE WATERFRONT DISTRICT BOASTS A LONG TERM COMMITMENT TO SUBSTAINABLILITY FOR COMMERCIAL AND RESIDENTIAL DEVELOPMENT... THE SPECIAL BPH (Bold Point Harbor) ZONING PROVIDES: A mixed-use high density area of commercial, office, retail and high density multi-family residential uses. Hospitality uses, including hotels and lodging, cafes, restaurants, bars and entertainment venues are also encouraged. Marinas, with limited support services, and water-transit related services are also permitted... THIS UPDATED WATERFRONT 12000 SQ FT, 2-UNIT BUILDING CURRENTLY OFFERS A 1ST FLOOR OPEN RESTURANT OR WATERSIDE ALFRESCO DINING WITH FULL KITCHEN AND BAR SERVICE... THE 2ND LEVEL IS EQUIPPED AND DISIGNED AS A FULL BANQUET FACILITY... THE 3RD LEVEL AND ATTIC SPACE MAY BE UTILIZED FOR OFFICE SPACE OR OWNER'S CONDO LIVING... PROPERTY ALSO FEATURES AN UPDATED 72 SLIP MARINA WITH NEW PUMP OUT FACILITY (TO BE BUILT) FOR AN ENDURING ACTIVE MARINA ON 1.12 ACRES WITH 56 OFF STREET PARKING SPACES... (POSSIBLE YEARROUND DOCKOMINIUM COVERVERSION PROJECT!) EASY HIGHWAY ACCESS EAST TO CAPE COD AND BOSTON OR WEST VIA ROUTE 195 E/W TO ROUTE 95 N/S… EASY SHOW...

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Tax ID/APN: EP 016-020-02.00
Zoning: BPH
Property Located Between: FOX POINT and WARREN & TAUNTON AVENUES
Property Visibility: Excellent
Largest Nearby Street: Route 195 East/West
Feet of Frontage: 364
Highway Access: Route 195 East/West
Airports: PVD
Site Description: 1.12 ACRES OF WATERFRONT PROPERTY WITH 12000 SQ FT 2-UNIT COMMERCIAL BUILDING.
Area Description: EAST PROVIDENCE WATERFRONT DISTRICT
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Average
Year Built: 1845
Year Renovated: 2013
Roof Type: Gable
Construction/Siding: Wood Siding, Wood Shingle
Parking Type: Surface
Parking Description: 56 PARKING SPACES, UNDESIGNATED
Sprinklers: Wet
Heat Type: Natural Gas, Oil, Hot Water
Heat Source: Baseboard, Central, Other
Lot Frontage: 364
Lot Depth: VARIOUS
Water Service: Municipal
Sewer Type: Municipal
Easements: Water Rights
Easements Description: PUBLIC ACCESS
Land Ownership: OWNED
Legal Description: PLAT 0016, LOTS 002 & 003

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 28,308 194,719 434,299
Median Age: 31.9 33.25 36.23
Households: 10,455 73,464 168,217

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