For Sale
$1,400,000

52 Providence St Providence StWest Warwick, RI 02893

Established Restaurant, Huge Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional commercial property, located at 52 Providence Street in West Warwick, Rhode Island, presents a unique investment opportunity. The property encompasses two lots totaling 39,248 square feet, offering ample space for a variety of uses. A well-established Chinese-American restaurant, operating successfully since 1984, occupies the main building. This two-story building, constructed in 1965, boasts 150 seats and 80 parking spaces. A complete renovation in 2020 ensures modern amenities and updated facilities. The restaurant holds a full liquor license and benefits from its prime location within a densely populated residential and business district. The property's strategic positioning adjacent to the Washington Secondary Bike Trail presents additional revenue opportunities. A full basement provides substantial storage, and the expansive parking lot offers significant development potential. The asking price is $1,400,000. This property is zoned for commercial use, including restaurant and bar operations. The property includes two parcels: 017-0044 (0.558 acres) and 017-0187 (0.343 acres). The zip code is 02893.

Highlights

  • Exceptional investment opportunity: 39,248 SF two-lot property in West Warwick, RI (02893).
  • Established Chinese-American restaurant (est. 1984) with 150 seats and full liquor license.
  • Two-story, 1965 building, completely renovated in 2020, with 80 parking spaces and full basement.
  • Prime location in dense residential/business district, adjacent to Washington Secondary Bike Trail.
  • Asking price: $1,400,000. Zoned for commercial use (restaurant/bar). Parcels: 017-0044 & 017-0187.

Property Details for 52 Providence St Providence St

Property type
Retail properties, Bars
Year Built
1965
Buildings
1
Stories
2

Location Insight

City
West Warwick
County
Kent
State
Rhode Island
Latitude
41.7100207
Longitude
-71.5214377
52 Providence St Providence St, West Warwick, Rhode Island

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52 Providence St Providence St
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