460 Allens Ave Providence, RI 02905-5002

This 1,670 square foot freestanding restaurant building, situated on a 10,976 square foot lot, presents a unique investment opportunity in Providence, RI. Built in 1970, this single-story structure boasts 17 parking spaces and a highly desirable drive-thru. Its strategic location on Allens Avenue, directly at the I-95 on-ramp and across from the off-ramp, ensures exceptional visibility and accessibility. The property benefits from its proximity to major thoroughfares connecting downtown Providence to the Sassafras Point industrial/commercial zone and densely populated neighborhoods like Washington Park, Edgewood, and South Providence. The convenient location also places it within easy reach of Rhode Island Hospital. Currently occupied by a HoneyDew franchisee with a lease expiring February 2025, the property offers considerable flexibility. The owner is open to various proposals, and lease terms are negotiable. Providence County taxes are $11.13 per square foot. This property is ideal for a large franchise or similar business seeking high traffic exposure and convenient access to a diverse customer base.