1058 Charles StNorth Providence, RI 02904

  • Land
  • 0.15 AC
For Sale
$1,575,000 View listing

Property Details for 1058 Charles St

Lot size
0.15 AC
Zone code
CV
Property type
Land
Property subtype
Commercial land
APN
NPRO M:2 L:262
APU
NPROM2L262

Description

This exceptional North Providence property at 1058 Charles Street offers a unique investment opportunity encompassing a fully equipped, 5,000 square foot restaurant and adjacent mixed-use building. The restaurant boasts a complete kitchen, dining area, two custom mahogany bars, a coal-fired pizza oven, extensive lower-level storage, refrigeration, freezer, and keg room. This is a true turn-key operation, ready for immediate occupancy. The adjacent mixed-use building adds significant value, featuring approximately 1,000 square feet of retail space and two apartments – one one-bedroom and one two-bedroom unit. The property is conveniently located in Providence County, Rhode Island, with the address being 1058 Charles Street, North Providence, RI 02904. Ample parking is provided by 55 spaces across the street, with additional buildable land offering potential for future residential development. The property includes Plat 2, Lots 250 & 262, Lot 249, Lot 264 and Lot 247. This combined offering presents a rare chance to acquire a thriving restaurant business alongside substantial additional income-generating assets in a desirable location. The property is a single-tenant occupancy, offering a streamlined management experience. The combined square footage of the restaurant and retail space totals 5,000 square feet, all currently vacant and ready for immediate use.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,246,329
    Hospitality
    $1,141,630
    Educational
    $949,823
    Medical
    $982,489
    Retail
    $1,477,503
1058 Charles St, North Providence, Rhode Island
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Location Insight

City
North Providence
County
Providence
State
Rhode Island
Latitude
41.8675
Longitude
-71.4245
CBSA code
39300
CBSA name
PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,354
$96,500
$4,300
$100,800
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