948 Atwells Avenue
Providence, RI 02909
- 5 beds
- 3 baths
- 2,490 sqft
- 3,049 sqft lot
- $261 per sqft
- 1922 build
PRIME MIXED-USE OPPORTUNITY IN FEDERAL HILL'S RESTAURANT ROW. Commercial + Two Residential Units Exceptional investment opportunity. This turnkey mixed-use property features an established restaurant space with an impressive 34-year legacy, complemented by two income-generating residential units above. COMMERCIAL HIGHLIGHTS: Fully equipped restaurant space with decades of successful operation Prime location on historic Atwells Avenue with high foot traffic Existing kitchen infrastructure and dining room setup Established customer base and neighborhood recognition Versatile space suitable for continued restaurant operation or new business venture RESIDENTIAL FEATURES: Two well-maintained rental units providing steady income stream Separate entrances ensuring privacy for commercial and residential tenants Ideal urban location attractive to quality tenants Additional revenue potential through property improvements Perfect for investors seeking a proven commercial space with built-in residential income, or entrepreneurs ready to write the next chapter of this property's story. Whether maintaining the existing restaurant concept or launching a new venture, this turnkey property offers immediate operational capability with significant upside potential. This rare opportunity combines Providence's rich culinary heritage with modern investment potential. Don't miss the chance to own a piece of Federal Hill's vibrant business community.
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Last updated Jan 10, 2025
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MLS# 1375940 —
The Building
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Year Built:1922
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New Construction:false
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Building Area Total:2490.0
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Construction Materials:Drywall,Plaster,WoodSiding,VinylSiding
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Foundation Details:BrickMortar
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Stories Total:3
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Basement:Full,InteriorEntry,Unfinished
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Basement:true
Interior
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Interior Features:TubShower
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Flooring:CeramicTile,Hardwood,Laminate
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Fireplace:false
Room Dimensions
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Living Area Source:PublicRecords
Location
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Latitude:41.824889
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Longitude:-71.448925
The Property
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Property Type:ResidentialIncome
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Property Sub Type:MultiFamily
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Lot Size Acres:0.07
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Lot Size Area:3049.0
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Lot Size Square Feet:3049.0
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Lot Size Units:SquareFeet
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Parcel Number:948ATWELLSAVPROV
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (401) 808-5611
- Office phone:
- (401) 274-1644
Taxes
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Tax Assessed Value:215100
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Tax Lot:79
Beds
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Bedrooms Total:5
Baths
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Bathrooms Total:3
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Bathrooms Full:2
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Bathrooms Half:1
The Listing
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Virtual Tour URL Unbranded:https://tour.RiLiving.com/948-Atwells-Avenue-Providence-RI-02909
Heating & Cooling
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Heating:Gas,Steam
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Heating:true
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Cooling:None
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Cooling:false
Utilities
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Utilities:SewerConnected
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Electric:CircuitBreakers
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Sewer:Connected,PublicSewer
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Water Source:Connected,Public
Appliances
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Appliances:GasWaterHeater
The Community
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Subdivision Name:Mount Pleasant
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Senior Community:false
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Community Features:HighwayAccess,NearHospital,NearSchools,PublicTransportation,RecreationArea,Restaurant,Shopping
Parking
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Parking Total:5.0
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Parking Features:NoGarage
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Garage:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/10/25
Jan 10, 2025
|
Listed / Active | RIMLS | $650,000 |
