777 Elmwood Avenue,Providence, RI 02907
Providence, RI 02907
Description
PLEASE READ CAREFULLY - Business Opportunity for Sale! Fully equipped turnkey restaurant located in a high-traffic area with excellent visibility and strong potential for an owner-operator or investor. This unique opportunity includes additional development potential, as the lot allows for the construction of up to three additional units or commercial spaces above the existing restaurant. The property also features a billboard generating approximately $12,000 per year in passive income to the owner. Rent-to-own option available for qualified buyers. Whether you are looking to expand your portfolio, operate your own business, or take advantage of the future development opportunities, this property offers multiple income streams and exceptional upside potential. Don't miss this rare investment opportunity!
Details
| MLS # | 1414971 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 118 |
| Listing Provided By | Bani Properties | Rafael Delacruz |
Features
| Building(s) | 1 |
|---|---|
| Acreage | 0.23 |
Exterior
| Lot Features | Local Historic District, Historic |
|---|---|
| Construction Materials | Masonry |
Utilities
| Sewer | Connected |
|---|---|
| Electric | 100 Amp Service |
Taxes
| Tax Annual Amount | 0 |
|---|---|
| Tax Year | 2025 |
Area Information
| State | RI |
|---|---|
| County | Providence |
| City | Providence |
| Zip Code | 02907 |
| Area | Providence |
| Listing VS Median (in 02907) | |
Price: $650,000 low | high Med: $485,000 On site: 118 low | high Med: 114.5 | |
Market Activity 02907
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Learn More About This Property
| State | RI |
|---|---|
| County | Providence |
| City | Providence |
| Zip Code | 02907 |
| Area | Providence |
| Listing VS Median (in 02907) | |
Price: $650,000 low | high Med: $485,000 On site: 118 low | high Med: 114.5 | |
