Restaurant with Commercial
For Sale
$749,000
758 Atwells Avenue, Providence, RI 02909
Established restaurant operation with dining space, two bathrooms, storage, and installed food-service equipment.
Property Size1,380 SF
Price / SF$542.75
Days on Market50
Property Features for 758 Atwells Avenue
General Information
Standard status
Active
Size
1,380 SF
Property subtype
Commercial
Site & Location
Neighborhood
Valley
Restaurant
Commercial Hood
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Building Details
Year Built
1930
Listing Agency:
Palma Realty Corporation
Listed By:
Consuelo Quinonez · License #REB.0019523
(401) 226-6814
Source:
Lockandkeyre
Added: Sep 14
Changed: Nov 1
Last Checked: Nov 1 at 4:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Palma Realty Corporation
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This restaurant property combines an operating business with the underlying real estate and a fully outfitted food-service setup. The approximately 1,380 SF building includes a dining area, commercial kitchen, two full bathrooms, and basement storage. Existing improvements include refrigeration, cooking equipment, a hood system, appliances, fixtures, tables, chairs, and additional operating equipment.
Located at 758 Atwells Avenue in Providence’s Federal Hill district, the property fronts a recognized dining and business area. The building dates to 1930 and is offered with the restaurant business, real estate, and equipment together.
Located at 758 Atwells Avenue in Providence’s Federal Hill district, the property fronts a recognized dining and business area. The building dates to 1930 and is offered with the restaurant business, real estate, and equipment together.
Key Highlights
- Approximately 1,380 SF restaurant building
- Commercial kitchen with hood system, refrigeration, cooking equipment, and appliances
- Dining area, two full bathrooms, and basement/storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,493
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,860
$489.9K
Cap Rate 7%
$349,900
$349.9K
Cap Rate 9%
$272,144
$272.1K
Market Conditions
NOI Build-Up for 1,380 SF
Gross rent
$33.9K $24.60/SF
− Vacancy
−$1.3K −$0.93/SF
EGI
$32.7K $23.67/SF
− OpEx
−$8.2K −$5.92/SF
NOI
$24.5K $17.75/SF
Area
Providence, RI
Vacancy
3.80%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,860
Cap Rate 7%
$349,900
Cap Rate 9%
$272,144
Alternative Uses
Best Use
Specialty Retail
$349.9K
$306.2K – $408.2K
NOI $24,493 @ 7.0% cap · market cap 3.27%
Second Best
Industrial
$195.0K
$170.6K – $227.5K
NOI $13,650 @ 7.0% cap · market cap 1.82%
Theoretical Best
Office A
$461.7K
$404.0K – $538.6K
NOI $32,318 @ 7.0% cap · market cap 4.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
1,783
Businesses Nearby
106k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 34%
Shops & Services 33%
Dining 27%
Apparel 6%
Price Rite
Groceries
36,226 visits/mo
0.2 miles
Pollo Campero
Dining
12,148 visits/mo
0.2 miles
Dunkin' Donuts
Dining
8,327 visits/mo
0.3 miles
Family Dollar
Shops & Services
8,116 visits/mo
0.2 miles
Mobil
Shops & Services
7,220 visits/mo
0.1 miles
Demographics for 02909, RI
46,119
Population
18,602
Households
2.5
Avg Household Size
31
Median Age
24%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
14,877
Density / Sq Mi
$63,950
Median Household Income
$37,090
Median Earnings
$1,258
Median Rent
$283,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Providence, RI
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established restaurant operation with dining space, two bathrooms, storage, and installed food-service equipment.
Where is this conventional restaurant located?
The property is located at 758 Atwells Avenue Providence, RI.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Approximately 1,380 SF restaurant building; Commercial kitchen with hood system, refrigeration, cooking equipment, and appliances; Dining area, two full bathrooms, and basement/storage space
