Providence, RI Restaurant Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30783068
Property Subtypes: Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 2,760 SF
Gross Land Area: 2,857 SF
Sale Price: $699,000
Unit Price: $253.26 PSF
Ceiling: 10 ft.
Property Use Type: Vacant/Owner-User
Usable Size (USF): 2,760 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/13/2022

Overview / Comments

Phenomenal Restaurant Facility in Top Location, close to Rt 95 and Downtown Providence, RI. Successful Restaurant operation with established business history on the signalized intersection of Broadway and Dean Streets. Signature Single Story Building with full basement for refrigeration and storage, complete with furniture, fixtures, equipment and a Class BX Liquor License. This 2,760 square foot facility has seating capacity for 100 patrons, including a classic bar area. The kitchen is fully equipped with a 20 linear foot exhaust hood and cooking line. The basement area has multiple walk in coolers, liquor storage room and clean storage areas. Fantastic business opportunity in the Broadway/West End of Providence!

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Tax ID/APN: PR 028-0962
Zoning: C ZONE
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Located Between: Corner of Broadway and Dean Streets
Property Visibility: Excellent
Largest Nearby Street: Dean
Feet of Frontage: 150
Highway Access: Rt 95 is 500 feet from the door
Airports: Minutes from Greene State Airport
Site Description: Corner location at signalized intersection with excellent visibility and acces
Area Description: The site is at the edge of Downtown Providence, RI, in the Broadway/West End Neighborhood of the City.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,760 SF
Property Condition: Excellent
Year Built: 1952
Year Renovated: 2012
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Single story building with excellent streetscape visibility
Parking Type: Other
Parking Description: Street parking
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Seating for 100 patrons at tables and bar, with Mens and Ladies rest rooms and large fully equipped kitchen, with 20 linear foot exhaust hood and cooking line.
Zoning Description: C Zone
Lot Frontage: 150
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 43,871 257,405 457,798
Median Age: 29.04 33.08 36.37
Households: 15,861 95,773 178,380
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