Upscale Restaurant North Main Street Providence

Hospitality for Sale
Catylist Listing ID: 30287903
Number of Units: 1 Units
Building Size (RSF): 2,175 SF
Gross Building Area: See Agent
Sale Price: $155,000
Unit Price: $155,000 Per Unit
Ceiling: 9 ft.
Property Use Type: Business
Name of Establishment: XO Cafe
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/22/2019

Overview / Comments

Upscale unique well know restaurant between Providence's East Side and downtown. Renovated in 2014. Approximately 2200 square feet. Dinning seating inside for 80 with 15 bar seats and outside seasonal seating for an additional 12. New construction all around with upscale condo's and over 400 new apartments. Four major universities within walking distance along with over 85,000 people working within downtown on a daily basis. Wood burning oven. Some new kitchen equipment. Great bar crowd! All food and liquor licenses will be transferred along with lease of around $5600 which includes some of the water bill. Great area great opportunity!

John Skeffington 401-651-8888

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Tax ID/APN: PR 010-0071
Retail Clientele: General
Property Located Between: Eastside and Downtown Providence
Property Visibility: Excellent
Largest Nearby Street: Canal Street
Highway Access: Easy access to Routes 95, 146 and 295
Airports: PVD
Area Description: Awesome location between the Eastside of Providence and the heart of Downtown Providence
Nearby Attractions: Close to Brown University, Johnson & Wales University, RI School of Design, RISD Museum, Providence Convention and Visitors Center, Dunkin Donuts Center, Over 85,0000 people working in the downtown area daily, over 18,000 students live within walking distance, over 600 condos and apartments in area, close to Twin River Casino, Amica Insurance, Fidelity investments and Four major hospitals
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Renovated: 2012
Construction/Siding: Wood Shingle
Parking Type: Other
Parking Description: valet parking available
Sprinklers: To Suit
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 37,556 254,246 462,179
Median Age: 29.34 32.97 36.32
Households: 14,213 94,229 179,789


Photograph of Listing Agent

John M Skeffington

Realty Center ECCPN Member
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