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    605 Douglas Ave Providence, RI 02908

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    For Sale
    $300,000

    Established Mediterranean restaurant business for sale in Providence.

    Lot size:
    0.22 Acres

    Property Features for 605 Douglas Ave

    General Information

    Lot size
    0.22 Acres

    Source: HomeSmart Professional Real Estate Agent Michael A. Alves

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mediterranean Bar & Grill Business

    This is a 4,348 square foot business for sale, Mir Mediterranean Bar & Grill, an established and fully operational Mediterranean restaurant in Providence. The restaurant is a well-known dining destination with a loyal customer base and elegant ambiance. The turnkey business includes all furniture, fixtures, and equipment. The space features a fully equipped commercial kitchen, modern bar setup, and stylish dining area suitable for private events or daily service. Located on Douglas Avenue, a high-traffic corridor with excellent visibility and easy access, the site benefits from strong local traffic and proximity to nearby college and residential communities. The location has ample parking and easy accessibility. This is an opportunity for restaurateurs, investors, or culinary entrepreneurs looking to continue a thriving operation or rebrand in a sought-after location.
    Insight Report Location Intelligence

    Current Use by Public Records

    Mir Mediterranean Bar ... Mediterranean Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    The Galley

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4294769
    Latitude
    41.8469445

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    FAQs

    What type of property is this?
    Restaurant - Established Mediterranean restaurant business for sale in Providence.
    Where is this restaurant located?
    The property is located at 605 Douglas Ave Providence, RI.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: - Established Mediterranean restaurant with proven revenue and loyal customer base.; - Prime Providence location on high-traffic Douglas Avenue with excellent visibility and easy access.; - Turnkey business opportunity including all furniture, fixtures, and equipment (FF&E).
    (401) 523-9555
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    605 Douglas Ave Providence, RI 02908
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    Providence, RI 02908
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    605 Douglas Ave Providence, RI 02908
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