1058 Charles St - Restaurant FOR SALE


North Providence, RI 02904- Outer Downcity/East Side
$1,600,000 USD
401-255-5530
1058 Charles St, North Providence, RI for Sale
$1,600,000 USD
Restaurant - FOR SALE
1/37
null | Request Cap Rate

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1058 Charles St
North Providence, RI 02904
Outer Downcity/East Side


OVERVIEW

Exceptional mixed use investment opportunity in a highly visible, high traffic location at the corner of Charles Street and Mineral Spring Avenue. This unique offering consists of five separate lots (Assessor's Plat 2/Lot Nos. 247, 249, 250, 262, and 264), providing exceptional flexibility and future development potential. The property includes a fully built out restaurant featuring a full commercial kitchen, all equipment necessary for operation, and a brand new keg system, making it ideal for an owner operator or investor. Also included is a retail storefront, two residential units that provide additional income potential, and two lots located across the street that are currently utilized for parking. The building offers a full basement for storage and operational use. With excellent visibility, strong traffic counts, and multiple income streams, this property presents unlimited possibilities for investors, business owners, or developers. The property may be purchased as a complete package or with/without lots 247/264. Please refer to the separate MLS 1417428 listing for the lots only. Whether you are looking to expand your investment portfolio, establish your own business, or explore redevelopment opportunities, this is a rare offering in one of the area's most high traffic commercial corridors. Buyer to do their own due diligence.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$320 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

CV

APN/PARCEL ID

NPRO-000002-000000-000250,NPRO-020250-000000

ASK ABOUT THIS PROPERTY

Doug JeffreyBroadway Real Estate GroupMore Info
401-255-5530

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Doug JeffreyBroadway Real Estate GroupMore Info
401-255-5530

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.