777 Elmwood Avenue Providence

$650,000
10,000 sq ft

The Property

PLEASE READ CAREFULLY – Business Opportunity for Sale! Fully equipped turnkey restaurant located in a high-traffic area with excellent visibility and strong potential for an owner-operator or investor. This unique opportunity includes additional development potential, as the lot allows for the construction of up to three additional units or commercial spaces above the existing restaurant. The property also features a billboard generating approximately $12,000 per year in passive income to the owner. Rent-to-own option available for qualified buyers.

Whether you are looking to expand your portfolio, operate your own business, or take advantage of the future development opportunities, this property offers multiple income streams and exceptional upside potential. Don’t miss this rare investment opportunity!

Read more

Listing Details

MLS Number

1414971

Lot Size:

0.23 acres

Features

  • Local Historic District
  • Historic

Market Trends for Commercial Properties
in Providence

  • Overview
    Homes for Sale Today78-90.1% decrease in inventory
    New on Market *1918.8% increase in new listings
    Avg. Asking Price/Sq.Ft. *$176.13$14 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$260,000$68,333 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *86.96%-7.7% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$286.98$209 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *244135 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Bani Properties

Similar Listings

Exclusively From Us To You

We invite you to join our exquisite collection of properties, latest news and events.

Thank you for subscribing!