1058 Charles St, North Providence, RI 02904-4949
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
CV · North Providence, RINorth Providence. Always verify with local authorities before improvements.
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.