New Listing - 01/10/2025
948 Atwells Avenue, Providence, RI, 02909
12 rooms
5 beds
2 Full / 1 Half baths
1922
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.
Status:
Active
Type:
Multi-family
Units:
3
Subdivision:
Mount Pleasant
Garage:
No Garage
Heating:
Gas, Steam
Cooling:
None
Basement:
Full, Interior Entry, Unfinished
Parking:
5-car
Acreage:
0.07
Assessment
$215,100
Construction
Drywall,Plaster,Wood Siding,Vinyl Siding
Utilities
Sewer Connected
Amenities:
Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping
Appliances:
Gas Water Heater
MLS #:
1375940
Community Info
School Info
Walk Score
Mass Transit
Yelp
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