Technical
Financial
Distress signals
Property profile

65 Bath St Providence, RI 02908

OFF-MARKET
Industrial properties
Property ID
US76-0041634
17,800 SF 0.7 ac lot Built 1950
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This 200-square-foot Class B commercial kitchen space in Providence County, Rhode Island, presents a unique opportunity for food entrepreneurs. Designed as a single-tenant ghost kitchen, this property is perfectly situated within a high-demand delivery zone, ensuring optimal access to customers. The space is fully equipped and ready for immediate occupancy, minimizing setup time and investment. Features include order management tablets, streamlining operations and enhancing efficiency. This turnkey solution is perfect for various food businesses, including startups, personal chefs, catering companies, food trucks, single-location operators, and expanding national chains. The reduced overhead and streamlined setup allow for quicker profitability compared to traditional restaurant models. The kitchen's compact size and efficient design contribute to lower operating costs, making it an attractive option for businesses seeking to maximize their return on investment. This is an exceptional opportunity to establish a thriving food delivery business with minimal upfront investment and rapid deployment. The property is categorized as Retail and Restaurant with a Kitchen subtype.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1950
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 17,800 SF
Lot 0.7 ac (30,479 SF)
Zoning code M-1
APN PROV M:67 L:530
UPID US76-0041634

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant
  • Restaurant
  • Restaurant
  • Business To Business Service

Location

65 Bath St Providence, RI 02908-4846
Providence metro Census 2500 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.71M
Comparable Approach Comparable
$2.25M
Blend (final) Blend
$595k

Owner & transaction history

since 2019
4 recorded transactions
2019
Price N/A
2019
$1.0M
1998
Price N/A
1993
$19,500

Zoning & alternative use

M-1 · Providence, RI
Zoning description

The M-1 Light Industrial District is intended for light industrial and office park uses that accommodate a variety of manufacturing, assembly, storage of durable goods, and related activities provided that they do not po…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $2.5M +39.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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