Property summary
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
VerifiedCap rate & NOI
Current use
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Restaurant
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Providence, RIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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