Italian Upscale Restaurant with Catering-Business for sale

Hospitality for Sale
Catylist Listing ID: 30337491
Number of Units: 1 Units
Building Size (RSF): 10,013 SF
Gross Building Area: 12,200 SF
Gross Land Area: 0.35 Acres
Sale Price: $169,000
Unit Price: $169,000 Per Unit
Ceiling: 11 ft.
Property Use Type: Net Leased Investment (NNN), Business
Building Name: Itilo American Club
Name of Establishment: Itilo American Club Restaurant
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/14/2018

Overview / Comments

Upscale Italian Restaurant with banquet facilities off Providence's Historic Federal Hill. Restaurant is available to the public and the250 members of The Providence Itilo American Club. Restaurant seats over 120 with a lounge that can accomadate up to 25 and on second floor a 3000 square foot banquet area with separate bar. This is a gem and total money maker. Owners are moving onto another project.
Don't miss out on this one! Sales over 1.35 mil yearly

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: State and city
Property Located Between: Atwells and Broadway
Property Visibility: Excellent
Highway Access: Easy acess to Rt 10, 295-95 and 146
Airports: 12 minutes to T F Greene Airport
Site Description: Immaculately restored historic Victorian with parking for over 100 cars
Area Description: Great area close to Downtown, all the colleges, Twin River Casino
Total Number of Buildings: 1
Number of Stories: 3
Roof Type: Gambrel
Construction/Siding: Wood Shingle
Total Parking Spaces: 100
Parking Type: Surface
Parking Description: Parking for 100 cars
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Baseboard
Air Conditioning: Engineered System
Internet Access: Cable, DSL, Satellite
Interior Description: Gorgeous renovated Victorian Building
Lot Frontage: 177
Water Service: Municipal
Sewer Type: Municipal, Storm
Easements Description: Non
Land Ownership: Private club owned

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 52,787 244,462 446,853
Median Age: 28.96 32.79 36.34
Households: 18,538 90,051 174,314

Contact

Photograph of Listing Agent

John M Skeffington

Realty Center ECCPN Member
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