HUGE PRICE REDUCTION!! 120 Atwells Ave

120 Atwells Ave , Providence, Rhode Island, 02903 | 9,020 sq.f | $ 1,975,000

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About This Restaurant

Investment Highlights

ICONIC FEDERAL HILL RESTAURANT REAL ESTATE AND BUSINESS WITH DECADES OF SUCCESS INCLUDES PARKING LOT LOCATED AT THE CORNER OF THE ENTRANCE TO HISTORIC FEDERAL HILL EXPANSION OPPORTUNITY WITHIN THE EXISTING STRUCTURE ADDITIONAL UNDEVELOPED SPACE COULD EASILY BE CONVERTED TO INCOME PRODUCING UNITS

Executive Summary

The most elegant, popular and successful restaurant in Historic Federal Hill has become available for purchase with real estate and business being sold as a package. Joe Marzilli's Old Canteen has been successfully serving repeat customers from the local area and beyond for over 6 decades. A new owner could easily continue that success or rebrand the restaurant to suit their concept. The real estate alone has a total assessed value of $1,322,200. *NOTE: INTERESTED PARTIES WILL BE REQUIRED TO SIGN A CONFIDENTIALITY AGREEMENT AND PROVIDE EVIDENCE OF FUNDS.

Property Details

  • Sale Type    Investment or Owner User
  • Property Type    Retail
  • Property Subtype    Restaurant
  • Building Size    9,020
  • Building Class    C
  • Year Built    1920
  • Price    1,975,000
  • Price Per SF    219
  • Percent Leased    100
  • Tenancy    Multiple
  • Building Height    3 Stories
  • Slab To Slab    11?
  • Building FAR    1.00
  • Land Acres    0.21 AC

Amenities

  • Bus Line
  • Corner Lot
  • Property Manager on Site
  • Restaurant
  • Security System
  • Signage
  • Air Conditioning

Nearby Amenities & Transportation

Retail Starbucks
Retail CrossFit
Retail Planet Fitness
Retail HarborOne Bank
Retail The YMCA
Retail Citizens Bank
Retail The Cheesecake Factory
Retail Cyclebar
Retail P.f. Chang's
Retail Little Tokyo

Property Taxes

Parcel Number PROV-260220-000000-000000 Improvements Assessment $331,600
Land Assessment $549,400 Total Assessment $881,000
Date Created: 2024-07-16 04:23:35 Last Updated: 2024-07-16 04:23:35
Address: 120 Atwells Ave , Providence, Rhode Island, 02903