290 Elmwood Ave Providence, RI 02907
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.