$650,000

948 Atwells Avenue, Providence, RI 02909

  • 5 beds |
  • 3 baths |
  • 2,490 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1922
  • Property Lot Size Icon3,049sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $261/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

PRIME MIXED-USE OPPORTUNITY IN FEDERAL HILL'S RESTAURANT ROW. Commercial + Two Residential Units Exceptional investment opportunity. This turnkey mixed-use property features an established restaurant space with an impressive 34-year legacy, complemented by two income-generating residential units above. COMMERCIAL HIGHLIGHTS: Fully equipped restaurant space with decades of successful operation Prime location on historic Atwells Avenue with high foot traffic Existing kitchen infrastructure and dining room setup Established customer base and neighborhood recognition Versatile space suitable for continued restaurant operation or new business venture RESIDENTIAL FEATURES: Two well-maintained rental units providing steady income stream Separate entrances ensuring privacy for commercial and residential tenants Ideal urban location attractive to quality tenants Additional revenue potential through property improvements Perfect for investors seeking a proven commercial space with built-in residential income, or entrepreneurs ready to write the next chapter of this property's story. Whether maintaining the existing restaurant concept or launching a new venture, this turnkey property offers immediate operational capability with significant upside potential. This rare opportunity combines Providence's rich culinary heritage with modern investment potential. Don't miss the chance to own a piece of Federal Hill's vibrant business community.

Listing Status:
Pending
Date Added:
January 10, 2025 at 06:00AM
Listing Office:
Compass / Lila Delman Compass : 401-274-1644
MLS ID:
1375940

This listing courtesy of Compass / Lila Delman Compass

Location

Schools Nearby

W

William D'Abate Elementary School

60 Kossuth St, Providence, RI, 02909

Grades KG-5

0.25 miles away

W

West Broadway Middle School

29 Bainbridge Ave, Providence, RI, 02909

Grades 5-8

0.84 miles away

M

Mount Pleasant High School

434 Mount Pleasant Ave, Providence, RI, 02908

Grades 9-12

1.04 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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