257 Allens Ave - Bar FOR SALE


Providence, RI 02905- Lower South Providence
$3,750,000 USD
401-258-8076
257 Allens Ave, Providence, RI for Sale
$3,750,000 USD
Bar - FOR SALE
1/6
null | 15.23% Cap Rate

257 Allens Ave
Providence, RI 02905
Lower South Providence


OVERVIEW

Fully occupied, Well established Adult Entertainment Complex. Three tenants, with 2 to 4 year current leases and multiple options at high renewal rates. Exceptional current cash flow (15+% cap rate) and Long term investment return. Property is a well maintained 21,800+SF brick building on .8 Acre site, with extensive available parking. Central Providence location with immediate access to Interstate Routes I-95, I-295, and I-195 provides continuous and extensive range of clientele.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$172 USD /SF

CAP RATE

15.23%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Megaplex

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

CROSS STREETS

Bay St

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

M2

APN/PARCEL ID

PROV-470820-000000-000000

ASK ABOUT THIS PROPERTY

Gregory MicallefOlympus Group Real EstateMore Info
401-258-8076

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Gregory MicallefOlympus Group Real EstateMore Info
401-258-8076

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