Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2792 Pawtucket Ave East Providence, RI 02914

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contract
    $525,000

    Turnkey restaurant opportunity in a prime East Providence location.

    Property size:
    1,896 SF

    Property Features for 2792 Pawtucket Ave

    General Information

    Standard status
    Contract
    Size
    1,896 SF

    Building Details

    Year built
    1928

    We can help!

    Listing Contact
    Andrew Hogan
    Source: Corcoran

    Listing Agency: JPAR PRIME REAL ESTATE Listing Agent: Andrew Hogan

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

    Learn more

    Overview

    East Providence Restaurant Opportunity

    Located at 2792 Pawtucket Avenue in East Providence, Rhode Island, this 1,896 square foot freestanding building presents a turnkey restaurant opportunity. The property, which previously housed a local pizza restaurant for approximately 25 years, is situated along one of East Providence's busiest corridors, offering excellent visibility and strong traffic counts. The location is surrounded by ample residential neighborhoods. Recent updates have created a clean and inviting dining space. The property includes all restaurant equipment, fixtures, and improvements, making it suitable for a food service operator, takeout concept, or local investor.
    Location Intelligence

    Current Use by Public Records

    Pizza Amore Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    East Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3628507
    Latitude
    41.7988832

    Nearby Similar for Sale

    • $995,000
      0.12 Acres

      Versatile Multi-Level Commercial Building

      Multi-level building with high visibility in high-traffic area.
      577 Warren Ave, East Providence, RI 02914
      View Details
    • Contact for pricing

      East Providence Corner Office Space

      Updated office space in a convenient East Providence location.
      400 Massasoit Ave, East Providence, RI 02914
      View Details
    • $199,000

      East Providence Corner Office Space

      Turn-key office space in a convenient East Providence location.
      400 Massasoit Ave, East Providence, RI 02914
      View Details
    • $599,900
      0.23 Acres

      Mixed-Use Property in East Providence

      Mixed-use property with commercial spaces and residential unit.
      68 Taunton Ave, East Providence, RI 02914
      View Details
    • New
      $519,900
      0.13 Acres

      East Providence Two-Family Home

      Well-maintained two-family home in desirable Rumford neighborhood.
      5 Nelson St, East Providence, RI 02916
      View Details
    • $1,850,000
      0.57 Acres

      Riverside Restaurant with Development Potential

      Thriving restaurant on a large lot with redevelopment possibilities.
      376 Bullocks Point Ave, East Providence, RI 02915
      View Details
    • $580,000
      0.11 Acres

      East Providence Multifamily with Loft

      Well-maintained two-family with finished loft in prime location.
      94 Anthony St, East Providence, RI 02914
      View Details
    • $429,000
      4,020 SF

      Commercial Property on Warren Avenue

      Commercial property with high visibility and convenient access.
      230 Warren Ave, East Providence, RI 02914
      View Details
    • $429,900

      Commercial Garage with Versatile Space

      Commercial garage with parking, storage, and workshop space available.
      584 Warren Ave, East Providence, RI 02914
      View Details
    • $995,000
      22,600 SF

      Versatile Multi-Level Commercial Building

      Multi-level building with high visibility in a high-traffic area.
      577 Warren Ave, East Providence, RI 02914
      View Details
    • $445,000

      East Providence Restaurant and Property

      Restaurant with real estate for sale in East Providence.
      95 Warren Ave, East Providence, RI 02914
      View Details
    • Contact for pricing
      14,000 SF

      Hospitality Venue with Marina Views

      Multi-level hospitality venue with outdoor dining and marina.
      28-34 Water St, E Providence, RI 02914
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Turnkey restaurant opportunity in a prime East Providence location.
    Where is this conventional restaurant located?
    The property is located at 2792 Pawtucket Ave East Providence, RI.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - Prime East Providence location on a high-traffic corridor with excellent visibility.; - Turnkey restaurant opportunity with all equipment, fixtures, and improvements included.; - Freestanding building ready for immediate operation.
    (401) 388-4830
    Request Owner's contact information
    2792 Pawtucket Ave East Providence, RI 02914
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2792 Pawtucket Ave
    East Providence, RI 02914
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2792 Pawtucket Ave East Providence, RI 02914
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Andrew Hogan
    (401) 388-4830
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!