129-141 Douglas Ave - Restaurant FOR SALE


Providence, RI 02908- Smith Hill
$999,900 USD
401-556-3800
129-141 Douglas Ave, Providence, RI for Sale
$999,900 USD
Restaurant - FOR SALE
1/12
null | Request Cap Rate

129-141 Douglas Ave
Providence, RI 02908
Smith Hill


OVERVIEW

Please note: this is a real estate-only sale. This prime commercial property in Providence, RI presents a unique opportunity for mixed-use development in a highly visible, high-demand location. Offering over 10,000 square feet of space on nearly an acre of land, this property is ideally situated near major highways, Providence College, downtown, and key transit hubs—making it perfect for residential conversion and long-term investment. The existing structure includes a built-out first floor currently configured for restaurant and event use, with expansive indoor space, an outdoor patio, and a large on-site parking lot (please see attached photo for outline). The second and third floors offer excellent potential for residential redevelopment, supporting the strong local demand for housing. There is also potential for vertical expansion to further enhance the property’s long-term value. Additionally, a 14,500-square-foot parcel of raw land abutting the parking lot is included in the sale, expanding development possibilities. Please note: this is a real estate-only sale. Furniture, fixtures, equipment (FFE), and business goodwill are not included in the sale price but may be negotiated separately if desired. The current restaurant business is not part of this transaction. This is a rare chance to acquire a significant footprint in a strategic location with high visibility and access. Many opportunities exist for redevelopment, residential use, or continued commercial operation. Contact us today to learn more or to schedule a confidential showing.

FOR SALE DETAILS

PRICE

$999,900 USD

PRICE/SF

$71 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/Residential, Service

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

C

APN/PARCEL ID

PROV-680207-000000-000000,PROV-680318-000000-000000,PROV-680320-000000-000000,PROV-680833-000000-000000

ASK ABOUT THIS PROPERTY

Erica SantoroJ.Christopher Real Estate GroupMore Info
401-556-3800

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Erica SantoroJ.Christopher Real Estate GroupMore Info
401-556-3800

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