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1058 Charles StNorth Providence, RI 02904

Turn-key restaurant, retail space, apartments.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional North Providence property at 1058 Charles Street offers a unique investment opportunity encompassing a fully equipped, 5,000 square foot restaurant and adjacent mixed-use building. The restaurant boasts a complete kitchen, dining area, two custom mahogany bars, a coal-fired pizza oven, extensive lower-level storage, refrigeration, freezer, and keg room. This is a true turn-key operation, ready for immediate occupancy. The adjacent mixed-use building adds significant value, featuring approximately 1,000 square feet of retail space and two apartments – one one-bedroom and one two-bedroom unit. The property is conveniently located in Providence County, Rhode Island, with the address being 1058 Charles Street, North Providence, RI 02904. Ample parking is provided by 55 spaces across the street, with additional buildable land offering potential for future residential development. The property includes Plat 2, Lots 250 & 262, Lot 249, Lot 264 and Lot 247. This combined offering presents a rare chance to acquire a thriving restaurant business alongside substantial additional income-generating assets in a desirable location. The property is a single-tenant occupancy, offering a streamlined management experience. The combined square footage of the restaurant and retail space totals 5,000 square feet, all currently vacant and ready for immediate use.

Highlights

  • 5,000 SF turnkey restaurant with full kitchen, two bars, and coal-fired pizza oven.
  • Mixed-use building with 1,000 SF of retail space and two apartments (one 1-bedroom, one 2-bedroom).
  • 55 parking spaces across the street, plus three buildable lots.
  • Strong demographics and convenient highway access in a high-traffic area.
  • Restaurant real estate taxes: $15,039; Mixed-use building real estate taxes: $5,898; Three additional lots real estate taxes: $3,894.
  • Buildable lots offer potential for future residential development.

Property Details for 1058 Charles St

Property type
Retail properties, Restaurants
RSF (Rentable sq. ft)
5,000 SF

Unit(s) available at that property

Space
Arigna Irish Pub & Coal Fired Kitchen
Size
5,000 SF

Location Insight

City
North Providence
County
Providence
State
Rhode Island
Latitude
41.8677022
Longitude
-71.4251589
1058 Charles St, North Providence, Rhode Island

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1058 Charles St
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