834 Admiral Street Providence, RI $ 649,000
834 Admiral Street
$ 649,000
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834 Admiral Street

Providence, RI, 02904
$ 649,000
Baths0.0 Sq 1,912

Monthly Estimate*

$ 4,533

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Studio

Commercial Property for sale in Providence, RI

for $649,000. This 1,912 square foot building was built in 1940 on a lot size of 0.06.

Big opportunity to acquire both a thriving restaurant business - with multiple virtual restaurant contracts - and the valuable real estate it occupies for healthy return on investment. With a location equidistant to Smith Hill, Oakland Ave., and Elmhurst, amid bustling commercial districts, vibrant neighborhoods, and key transportation arteries, you're ready to become the owner of a hot restaurant property in Providence nestled on a prime corner lot. Currently the Corner Grill Restaurant, beloved for its cozy atmosphere and fine food, the building enjoys a prominent location as well as historic charm and architectural allure, making it a landmark in the community. Its state-of-the-art culinary facilities, spacious dining area, and adaptable layout with options for expansion let you customize the space to suit your vision, whether it's expanding the dining area, creating private event spaces, Coffee shop cafe' or introducing new amenities. Call to schedule a private viewing today!

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Commercial Active

Price

$ 649,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 5,297

Style

Commercial

Lot Size

0.06

Year Built

1940

Town/City

Providence

County/Region

Providence

MLS | Web ID

1353865

Features
General
Sewer Connected PublicSewer SewerAssessments
Heating Common ForcedAir Gas Zoned
Cooling CentralAir
Utilities CableAvailable ElectricityAvailable NaturalGasAvailable NaturalGasConnected SewerConnected
Possession Immediately Negotiable
Zoning C-1
HOA 0.0
Security Features CarbonMonoxideDetectors FireAlarm FireEscape FireSprinklerSystem SmokeDetectors SecurityFence BuildingSecurity
Construction Materials Brick Masonry
Year Built 1940
Electric Item200AmpService
Stories 1
Levels One
Property SubType Commercial
Tax Year 2023
Gross Income 320517.0
Business Type DeliCatering FoodBeverage IceCreamFrozenYogurt RealEstate Restaurant Retail
Community Features BusinessCenter Golf HighwayAccess NearHospital PublicTransportation Restaurant Shopping HighTrafficLocation StreetLights Sidewalks
Building Name Mello Building
Business Name The Corner Grill
County Providence
Net Operating Income 139098.0
Insurance Expense 6510.99
New Construction N
Property Type CommercialSale
Association Amenities BusinessCenter Restaurant
HOA / Comm Assn N
Attached Garage N
Subdivision Name Elmhurst/PC/Lasalle Bakery
Possible Use Commercial Investment Other Retail Subdivision HighwayTouristService
Garage Y/N N
Building Features Cafeteria ComputerArea PublicRestrooms
Green Sustainability RecyclableMaterials RecycledMaterials
Status Active
City Providence
Buyer Agent Compensation 3
Green Location PublicTransportation Walkability
View Y/N N
Senior Community Y/N N
Total Units 3
Lot Size Square Feet 2184.0
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 0
Street Name Admiral
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 5297.0
Home Warranty Y/N N
Fuel Expense 4275.6
Trash Expense 6424.53
Water Sewer Expense 603.55
Lease Renewal Y/N N
Additional Parcels Y/N N
Leasable Area 0.0
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.wellcomemat.com/mls/g838f731851limd
Days on Market 57
Lease Type AbsoluteNet
Standard Status Active
Occupancy Description Owner
Tax Assessed Value 150900
Tax Lot 508
Ownership Type LLC
Taxes 1105.96
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Interior
Basement None
Furnished Y/N Furnished
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1912.0
Street Suffix Street
Electric On Property Y/N N
Total Baths 0
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Exterior
Fencing Fenced
Lot Features CornerLot
Water Source Connected MultipleMeters Public WaterAssessments
Total Parking 0.0
Inclusions Inventory List:Commercial Equipments & Fixtures Inclusive- SOLD with Business Package at $150K (Kitchen Appliances and Utensils (Custom Built Commercial Ducted Range Hood Silver System in stainless S
Lot Size Area 2184.0
Foundation Details Combination ConcretePerimeter Slab
Number of Buildings 2
Spa N
Building Area Total 1912.0
Lot Size Acres 0.06
Road Surface Type Paved
Frontage Length 44
Lot Size Units SquareFeet
Road Frontage Type CityStreet StateRoad
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 834
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* Excluded Features
List By
Residential Properties Ltd.

Broker

cmarchand@residentialproperties.com

Email

Affordability Calculator

$4,975
Per Month
91%
9%
0%
Monthly Principal & Interest
$4,533
Monthly Property Taxes
$441
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
248553 Elementary School
248554 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/2/2024$649,000 Listed Price

Map


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834 Admiral Street, Providence, RI, 02904 is a Commercial Property for sale at $649,000 with 1,912 sqft and a lot size of 0.06. 834 Admiral Street is a studio with 0.0 baths and was built in 1940. The property's zip code is 02904 which is in Providence, RI