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

Other commercial real estate

Property subtype

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

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].