Listing Courtesy of: RHODE ISLAND / Compass Lila Delman Compass / The Duque Group
948 Atwells Avenue Providence, RI 02909
Pending (83 Days)
$650,000
Description
MLS #:
1375940
1375940
Lot Size
3,049 SQFT
3,049 SQFT
Type
Multifamily
Multifamily
Year Built
1922
1922
County
Providence County
Providence County
Community
Mount Pleasant
Mount Pleasant
Listed By
The Duque Group, Compass Lila Delman Compass
Source
RHODE ISLAND
Last checked Apr 11 2025 at 10:06 AM GMT+0000
RHODE ISLAND
Last checked Apr 11 2025 at 10:06 AM GMT+0000
Bathroom Details
- Full Bathrooms: 2
- Half Bathroom: 1
Interior Features
- Wall (Dry Wall)
- Wall (Plaster)
- Wall (Wood)
- Plumbing (Mixed)
- Gas Water Heater
Subdivision
- Mount Pleasant
Property Features
- Fireplace: 0
- Foundation: Brick/Mortar
Heating and Cooling
- Natural Gas
- Steam
- None
Basement Information
- Full
- Interior Only
- Unfinished
- Laundry
- Storage Space
- Utility
Flooring
- Ceramic Tile
- Hardwood
- Laminate
Utility Information
- Sewer: Connected, Public Sewer
Parking
- No Garage
- Total: 5
Stories
- 3
Location
Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2025 State-Wide Multiple Listing Service. All rights reserved. 4/11/25 03:06
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.