61 DePasquale AV, Providence, RI  |  Commercial:$1,500,000
MLS Number: 1401506 - ACTIVE
Lot Size:0.03 Acres
Year Built:1900
Listed By: Churchill & Banks Co., Llc
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
Appliances:
--
Appliances:
--
Architectural Style:
--
Bathrooms:
--
Beds:
--
Business Type:
Bar/Tavern/Lounge, Food & Beverage, Restaurant
Community Features:
Bus, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Shopping
Construction Materials:
Brick
Cooling:
Central Air
Door Features:
Loading Door
Electric:
100 Amp Service, 200 Amps
Existing Lease Type:
--
Finished Floor:
--
Fireplace Type:
--
Fireplaces:
None
Garage Spaces:
--
Handicap Accessible:
--
Has View:
--
Has Waterfront:
--
Heating:
Baseboard, Forced Air
Levels:
--
Living Area:
--
Lot:
Downtown, Urban
Lot Frontage:
Neighborhood:
Federal Hill
Other Structures:
--
Owner Pays:
--
Parking Features:
--
Pool:
--
Property Sub Type:
Commercial
PropertySubType:
Commercial
PropertyType:
Commercial/Business
Rooms:
--
Sewer:
Public Connected
Structure Type:
Up/Down
Tenant Pays:
Air Conditioner, Electric, Gas, Sewer, Taxes, Water
Under Construction:
No
View:
--
Waterfront Features:
--
Zip Code:
02903
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