$650,000
 $3,489 est/mo Sourced by Back At You

948 Atwells Avenue , Providence, RI 02909

Providence, RI 02909

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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.

Details

MLS#1375940
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1922
Days On Site31
Listing Provided ByCompass / Lila Delman Compass | The Duque Group

Features

Bed(s)5
Bath(s) 3 Total
SQ Feet2,490
BasementY
Story(s)3
Units3
Building(s)1
Acreage0.07

Market Activity 02909

The information is being provided by Rhode Island Association of REALTORS®. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Rhode Island Association of REALTORS®. All Rights Reserved.

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Learn More About This Property

StateRI
CountyProvidence
CityProvidence
Zip Code02909
AreaProvidence
Community NameMount Pleasant
Listing VS Median (in Mount Pleasant)
Price:
$650,000
low | high
Med:
$504,000
72.461538461538% of Average
SqFt:
2,490
low | high
Med:
1,818
77.008032128514% of Average
$ / SqFt:
$261
low | high
Med:
$283
41.580199356658% of Average
On Site:
31
low | high
Med:
40.500000
76.543209876543% of Average
Sourced by Back At You
Listing Updated: February 7, 2025 at 12:07:23 PM PST