61 Depasquale Avenue Providence

$1,500,000
3,507 sq ft

The Property

Excellent investment opportunity in the heart of Federal Hill’s iconic DePasquale Plaza. The list price includes both the real estate and the established restaurant business, complete with equipment and furniture. Buyers interested in purchasing the real estate only are encouraged to contact the listing agent for updated pricing. The first-floor restaurant tenant has one year remaining on the lease with an option to extend and is also open to an early lease termination and sale of the business.

This creates flexibility for a new owner who may wish to operate the existing restaurant, introduce a new concept, or re-tenant the space. The restaurant offers access to an outdoor dining area, where the ambiance of DePasquale Plaza is unmatched. The second-floor apartment features an updated eat-in kitchen with stainless steel appliances, a renovated bathroom, living room, and two generously sized bedrooms. The third-floor apartment offers dramatic two-story living. The main level includes an updated kitchen and bathroom, open living area, and one bedroom. The second-level loft serves as a spacious primary bedroom. All major mechanical systems have been updated within the past few years, making this a turn-key mixed-use investment in one of Providence’s most vibrant and high-demand locations

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Listing Details

MLS Number

1401506

Lot Size:

0.03 acres

Features

  • Basement: Full
  • Bus
  • Highway Access
  • Hospital
  • Interstate
  • Private School
  • Public School
  • Railroad
  • Shopping
  • Heating: Baseboard, Forced Air
  • Heating Fuel: Baseboard, Forced Air
  • Laundry
  • Downtown
  • Urban
  • Year Built: 1900

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Market Trends for Commercial Properties
in Providence

  • Overview
    Homes for Sale Today73-89.6% decrease in inventory
    New on Market *11-21.4% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$145.79$58,570 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$485,000$565,000 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *97.19%3% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$180.97$35 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *48887 decrease 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 Churchill & Banks Co., Llc

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