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834 Admiral St Providence, RI 02904

Showrooms Google Maps
1,854 SF 0.05 ac lot Built 1940
Entity Owned Free & Clear
Estimated value (blended)
$165k
Range $149k – $182k (±10%)
Property ID US76-0142415

Property summary

AI-generated overview

This exceptional commercial property at 834 Admiral Street in Providence, Rhode Island, presents a unique opportunity for a savvy investor or restaurateur. Boasting 1,912 square feet on a 0.06-acre corner lot, this property comprises two buildings within a strip mall and offers state-of-the-art culinary facilities. The spacious dining area features high chairs and a bar counter, providing a flexible layout adaptable to various concepts. Whether you envision expanding the existing dining space, creating private event areas, or adding new amenities like a coffee shop, the possibilities are endless. Its prime location offers excellent visibility and accessibility, equidistant to Smith Hill, Oakland Avenue, and Elmhurst, placing it within thriving commercial districts and vibrant neighborhoods. The property benefits from convenient access to key transportation arteries, making it easily accessible to customers from across Providence and neighboring areas like North Providence. This turn-key business opportunity is minutes from downtown Providence, offering a blend of historic charm and modern functionality. The building's prominent location and architectural allure make it a recognizable landmark in the community, attracting both local residents and visitors. The asking price is $450,000. This is a rare chance to acquire a thriving business in a highly desirable location.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1940
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,854 SF
Lot 0.05 ac (2,184 SF)
Zoning code C-1
APN PROV M:124 L:508
UPID US76-0142415

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$145k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$165k

Owner & transaction history

since 2026
Last sale
$139,000
3 recorded transactions
2026
$270,000
2020
$139,000
2000
$20,000

Zoning & alternative use

C-1 · Providence, RI

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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