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 |