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    290 Elmwood Ave Providence, RI 02907

    Sponsored
    For Sale
    $375,000

    Prime Providence location, fully equipped kitchen.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2,498 square foot property at 290 Elmwood Avenue in Providence, Rhode Island (zip code 02907) presents a unique investment opportunity. Currently configured as a restaurant and bar, this single-building, single-unit commercial property sits on a sizable lot and is ideally suited for a variety of food service businesses. The property boasts a fully functional kitchen, ready for immediate use, allowing for the seamless preparation and cooking of meals. Its location in Providence, RI, ensures high visibility and accessibility to a diverse customer base. The asking price is $375,000. The existing setup is conducive to a thriving business, attracting both local residents and culinary enthusiasts. This turnkey operation offers significant potential for growth and creativity, whether continuing the existing concept or implementing a new culinary vision. The property's prime location and fully equipped kitchen make it an attractive proposition for entrepreneurs seeking a ready-to-go commercial space in a vibrant Rhode Island market. The 2,498 square foot lot provides ample space for outdoor seating or expansion, further enhancing its appeal. This is a rare opportunity to acquire a well-established commercial property in a desirable location.

    Property Features for 290 Elmwood Ave

    General Information

    Property type
    Restaurants

    Building Details

    Buildings
    1
    Units
    1

    HighLights

    • 2,498 square foot restaurant/bar in Providence, RI (02907).
    • Single‑story, single‑unit building on a large lot.
    • Fully equipped kitchen, ready for immediate use.
    • Asking price: $375,000.
    • Prime location for high visibility and customer access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4251952
    Latitude
    41.8048985

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    FAQs

    What type of property is this?
    Restaurant - Prime Providence location, fully equipped kitchen.
    Where is this restaurant located?
    The property is located at 290 Elmwood Ave Providence, RI.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: 2,498 square foot restaurant/bar in Providence, RI (02907).; Single-story, single-unit building on a large lot.; Fully equipped kitchen, ready for immediate use.
    Request Owner's contact information
    290 Elmwood Ave Providence, RI 02907
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    Providence, RI 02907
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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
    290 Elmwood Ave Providence, RI 02907
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