fbpx

22 Olneyville Square Providence

$90,000
0 4,061 sq ft

The Property

True Turnkey business — this trendy restaurant & lounge is perfect for a motivated entrepreneur. You can be a part of the Olneyville Square revival in Providence, right in the center of the action overlooking the Square from the center. Its lofted second floor location provides privacy and relaxation away from the hustle and bustle down below. The business is fresh and running steady — a motivated buyer can take over right away.

Several highly acclaimed venues also share the Square including a famous, James Beard award-winning restaurant (Olneyville NY System, 80+ years), acclaimed BBQ (Wes’ Rib House, 50+ years), popular live music venue (Fete Music Hall), a couple of speakeasies, and a variety of other busy restaurants, not to mention a dozen retail stores. Nightlife has always been a feature of this neighborhood, so people going to the concerts or shows next door can have dinner at your place first. Surrounded by new loft apartment buildings and more under construction, the Square has been attracting new business.

Purchase includes all business assets including kitchen equipment, decor, FF&E, etc. Owner installed new hoods, Ansul system, 6 burner range, grill, flat-top griddle, fryer, dishwasher, coolers, etc., plus buildout work including refinished floors, wider commercial windows, handicap stair lift, fully loaded HVAC (heat and cooling), water heater, Cintas sprinkler system and more.

Rent $5900/month. Financials provided for serious candidates.

Read more

Contact Associate

Listing Details

MLS Number

1357283

Lot Size:

0.09 acres

Features

  • Basement: Partial
  • Sprinklers
  • Heating: Central Air
  • Type: Bar/Tavern/Lounge,Food/Beverage,Hospitality,Restaurant,Tavern/Bar/Nightclub
  • Year Built: 2022

Market Trends for Commercial Properties
in Providence

  • Overview
    Homes for Sale Today70-87.7% decrease in inventory
    New on Market *2123.5% increase in new listings
    Avg. Asking Price/Sq.Ft. *$407.19$302 increase in List Price/Sq.Ft.
    Avg. Sale Price *$1,325,000$740,000 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *100.00%1.7% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$0.00$170 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *18130 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

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!