1294 Chalkstone AveProvidence, RI 02908

Property Details for 1294 Chalkstone Ave

Year built

1936

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

2,047 SF

Zone code

C-1

Property type

Showrooms

APN

PROV M:94 L:502

APU

PROVM94L502

Description

This exceptional 749,000 USD commercial property at 1294 Chalkstone Avenue, Providence, RI, presents a unique opportunity for investors and entrepreneurs. Currently operating as a successful and beautifully decorated bar and grill, this establishment boasts modern finishes creating a stylish and inviting atmosphere. The 0.07-acre lot provides ample space for outdoor seating or expansion, depending on zoning regulations. The sale includes all equipment, excluding liquor inventory, allowing for a smooth transition for the new owner. The existing staff may be retained, offering valuable continuity and operational expertise. The property enjoys a prime location with high visibility, ensuring consistent customer traffic. This turnkey operation is ideal for those seeking to expand their business portfolio or launch a new venture in a vibrant and established market. Financial records and detailed operational information are available upon request, subject to a non-disclosure agreement. The property's high visibility and established clientele base make this a truly exceptional investment opportunity in the heart of Providence. Serious inquiries only. All aspects of the sale are subject to verification and due diligence.

• CAP approach

  CAP return

  Valuation

  6%

  $497,492

  6.5%

  $459,224

  7%

  $426,422

• Comparable approach

  Method

  Valuation

  Relative Method

  $674,002

  Geo Method

  $674,002

• Alternative Use

  Use

  Valuation

  Residential

  $387,372

  Hospitality

  $354,831

  Educational

  $295,215

  Medical

  $305,368

  Retail

  $459,224

Location Insight

City

Providence

County

Providence

State

Rhode Island

Latitude

41.8323

Longitude

-71.4518

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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