Restaurant with Development
For Sale
$650,000
777 Elmwood Avenue, Providence, RI 02907
The existing restaurant is equipped for operation, with room for additional construction above it.
Property SizeContact for details
Days on Market143
Property Features for 777 Elmwood Avenue
General Information
Standard status
Active
Property subtype
Business
Site & Location
Neighborhood
Reservoir
Additional Details
Business Included
Yes
Equipment Included
Yes
Listing Agency:
Bani Properties
(401) 781-8600
Listed By:
Rafael Delacruz · License #RES.0047879
(401) 588-9091
Source:
Cotepartnersrealty
Added: Jun 9
Changed: Oct 26
Last Checked: Oct 26 at 12:59PM
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 Bani Properties
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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.
An equipped restaurant occupies the property, with the lot allowing for construction of as many as three additional units or commercial spaces above the existing building. A billboard on the property provides an additional income stream. A rent-to-own arrangement is available to qualified buyers.
Key Highlights
- Restaurant includes equipment
- Lot permits up to three additional units or commercial spaces above the existing restaurant
- On‑site billboard generates income
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
901
Businesses Nearby
57k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 47%
Dining 39%
Shops & Services 14%
Good Fortune Supermarket
Groceries
26,623 visits/mo
0.3 miles
Dunkin' Donuts
Dining
11,900 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
10,213 visits/mo
0.3 miles
Tesla Motors
Shops & Services
2,112 visits/mo
0.5 miles
Gulf Oil
Shops & Services
1,853 visits/mo
0.4 miles
Demographics for 02907, RI
29,827
Population
11,474
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
74%
High-School Grad
2.2 sq mi
ZIP Area
13,558
Density / Sq Mi
$49,564
Median Household Income
$32,619
Median Earnings
$1,136
Median Rent
$311,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Providence, RI
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The existing restaurant is equipped for operation, with room for additional construction above it.
Where is this conventional restaurant located?
The property is located at 777 Elmwood Avenue Providence, RI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Restaurant includes equipment; Lot permits up to three additional units or commercial spaces above the existing restaurant; On‑site billboard generates income
