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834 Admiral Street, Providence, Commercial

$ 150,000
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Overview

  • Updated On:
  • September 25, 2024

Description

Key Business opportunity with Providence Ghost kitchen, and/or Cloud Kitchens, team – Partnerships ready for you with minimum – lower risk and higher return with minimized expenses. The Corner Grill Restaurant, Halal Restaurant, beloved for its cozy atmosphere and fine food, the building enjoys a prominent location as well as historic charm and architectural allure, making it a landmark in the community. Delivery Platform Chownow, Doordash, Grubhub, Postamtes, Uber-Eats, Popchew (with 7 virtual rest.) Ordermark Platforms (with 3 virtual rest. and 9 Virtual rest, that’s more brand new platforms, which were recently in 2023, adding to QSR (Quick Service Restaurant). Big opportunity to acquire both a thriving restaurant business – with multiple virtual restaurant contracts – and the valuable real estate it occupies for healthy return on investment. With a location equidistant to Smith Hill, Oakland Ave., and Elmhurst, amid bustling commercial districts, vibrant neighborhoods, and key transportation arteries, you’re ready to become the owner of a hot restaurant property in Providence nestled on a prime corner lot. Call to schedule a private viewing today! Must see as this is the New Future tap into new ventures Can be sold separately or sold with ** or with MLS#1359808

Address: 834 Admiral Street
State/County:
Zip: 02904
Country: US
Open In Google Maps
Property Id : 1311617
Price: $ 150,000
Property Lot Size: 0 ft2
Association Fee: 0
Basement: None
Bridge Modification Timestamp: 2024-09-25T16:23:09.565Z
Building Area Total: 1912
Building Features: Cafeteria,Computer Facility,Restrooms,Security
Building Name: Mello Building
Business Name: The Corner Grill
Business Type: Commercial,Deli/Catering,Fast Food,Food & Beverage,Ice Cream/Frozen Yogurt,Real Estate,Restaurant
Cap Rate: 21.43
Community Features: Bus,Commuter Bus,Golf,Highway Access,Hospital,Railroad,Restaurants,Shopping,Business Center,Restaurant
Construction Materials: Brick,Masonry
Contract Status Change Date: 2024-05-23
Cooling: Central Air
Door Features: Loading Door
Electric: 200 Amps
Existing Lease Type: Absolute Net
Foundation Details: Concrete Perimeter,Mixed,Slab
Frontage Length: 44
Fuel Expense: 4275.6
Furnished: Furnished
Gas: Available,Connected
Green Location: Public Transit,Walkable
Green Sustainability: Recyclable Materials,Recycled Materials
Heating: Central Air,Common,Forced Air,Gas Connected,Zoned
Inclusions: Inventory List:Commercial Equipments & Fixtures Inclusive- SOLD with Business Package at $150K (Kitchen Appliances and Utensils (Custom Built Commercial Ducted Range Hood Silver System, in stainless Steel Touch, completed combination exhaust fans, pre piped fire suppression, wall panel, Ovens refrigerators, food storage, deli containers, salad station, cold fridges, juice stations) to hardware and software (like kitchen displays as seen, Tables & chairs layout, TV screen monitors, and Point of Sales inclusive of about 15 - 20 Visual Contracts as listed per financial). Delivery Platform Chownow, Doordash, Grubhub, Postamtes, Uber-Eats, Popchew (with 7 virtual rest.) Ordermark Platforms (with 3 virtual rest. and 9 Virtual rest, that's more brand new platforms, which were recently in 2023, adding to QSR (Quick Service Restaurant) Please refer to Income/Revenue Receipts Enclosed. Please see attached disclosures if RE is sold as a Shell- sale Price is $499K (Total deal Package at 649k)
Insurance Expense: 6510.99
Laundry Features: Off Site
Leasable Area: 0
List Agent Direct Phone: 401-626-9750
List Agent Email: cmarchand@residentialproperties.com
List Agent Full Name: Collin Marchand
Listing Contract Date: 2024-05-23
Listing Id: 1359811
Living Area Units: Square Feet
Lot Features: Corner,Fenced,Paved,Shopping Mall,Strip Store,Urban
Lot Size Area: 2184
Lot Size Square Feet: 2184
Lot Size Units: Square Feet
Mls Status: Active
Modification Timestamp: 2024-09-25T16:21:31.610Z
Net Operating Income: 139098
New Taxes Expense: 1105.96
Number Of Buildings: 2
Number of Units in Community: 0
Number of Units Leased: 0
Number of Units Total: 3
Occupant Type: Owner
Original Entry Timestamp: 2024-05-23T15:01:55.190Z
Original List Price: 150000
Owner Pays: All Expenses
Ownership Type: LLC
Parking Total: 0
Possible Use: Commercial,Dairy,Highway/Tourist Service,Investment,Other,Retail,See Remarks,Subdivision,Food Service
Road Frontage Type: High Traffic,Municipal,Sidewalks,State Road
Road Surface Type: Black Tar
Seating Capacity: 50
Security Features: Carbon Monoxide Detector(s),Fire Alarm,Fire Escape,Fire Sprinkler System,Security Fence,Smoke Detector(s)
Sewer: Assessment to Seller,Connected,In Fee,Public Sewer,Public
State or Province: RI
Status Change Timestamp: 2024-05-23T15:01:55.190Z
Stories: 1
Stories Total: 1
Street Additional Info: 836
Street Name: Admiral
Street Number: 834
Street Suffix: Street
Structure Type: Side/Side,Strip Center
Tax Annual Amount: 5278
Tax Year: 2023
Utilities: 3-Phase Electric,Cable Connected,Electricity Connected,Gas Available,Natural Gas Connected,Street Lights
Water Source: Assessment Seller,Connected,Individual Meter,Municipal,Public
Year Built: 1940
Year Established: 2022
Years Current Owner: 3
Zoning: C-1
Other Features
Ceiling Height: 12-15 Ft
Electrical Utility Available
Has Cooling System
Has Heating System
Property Attached
$ 581.58
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 581.58

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