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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

149 Elmgrove Ave Providence, RI 02906

Built 1926
Property ID
Property summary
AI-generated overview

Exceptional opportunity to acquire a thriving deli/cafe business in Providence, Rhode Island. Located at 149 Elmgrove Avenue, this established business boasts a strong client base and is situated near Brown University and Wayland Square, ensuring high foot traffic and potential for continued success. The asking price is $199,000 and includes an assignable lease, not the real estate itself. The sale encompasses all existing equipment and furnishings, presenting a truly turnkey operation. This includes extensive commercial kitchen equipment in excellent condition, such as a grill and hood vent system, fry-o-later, deli meat slicer, waffle makers, bagel toasters, refrigerated display cases, prep stations, walk-in cooler and freezer, coffee bar, and ample stainless steel prep tables. Additional assets include all indoor and outdoor furniture, a POS system with associated computers and accessories for online ordering platforms (DoorDash, Uber Eats, Grubhub, etc.), a dishwasher, and various other essential equipment. The property sits on a 1,200 square foot lot and the building was constructed in 1926. This is a single-unit storefront business, ideal for an immediate start-up or expansion of an existing food service operation. This is a rare opportunity to acquire a profitable, established business with minimal start-up costs. The business is categorized as retail, storefront, commercial, restaurant, bar, and bakery.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1926
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Eastside Bagel Company Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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