188 Providence Ri Providence, RI 02909
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Retail properties & Spaces
Property Details for 188 Providence Ri
- Year built
- 1887
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional 2,600-square-foot restaurant space, located in the desirable Providence, RI submarket of Greater Boston, is available for lease starting January 1st, 2024. Situated within the Rising Sun Mills mixed-use campus at 188 Valley Street, Building 10, this single-tenant property boasts a rich history, having been built in 1887 and renovated in 2017. The Class B building offers a charming atmosphere combined with modern conveniences. The space includes a full commercial kitchen, a spacious dining room with seating for approximately 50 guests, two private restrooms, a bar counter, and a checkout counter. High ceilings add to the ambiance. Additional features include a full basement, attic space, a storage shed, a patio area, and raised garden beds. Ample on-site parking is available for both employees and customers. The property is ideal for an established restaurant or cafe seeking expansion or relocation. The lease requires operation serving at least two of the three main meals (breakfast, lunch, or dinner) for at least five days a week. The current asking rent is $16.15 per square foot per year, plus utilities and a pro-rata share of common area maintenance (CAM) charges. This unique opportunity allows a business to become a vital part of Providence's thriving culinary scene. The previous tenant, Easy Entertaining, successfully operated from this location before purchasing their own building.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.4402
- Latitude
- 41.8213
