Active

948 Atwells Avenue

Providence RI, 02909

$650,000


$261.04 per sqft

Active

5 Beds

3 Baths

2,490 sqft

Multi-family

Built in 1922

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.

1375940

MLS ID

January 10, 2025

Listed

January 10, 2025

Updated

Map

948 Atwells Avenue
Providence RI, 02909

Interior Features

Total Stories

3


Bedrooms

5


Total Bathrooms

3


Full Bathrooms

2


Half Bathrooms

1


Interior Features

Tub Shower


Appliances

Gas Water Heater


Floor Description

Ceramic Tile, Hardwood, Laminate


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Gas, Steam

Exterior/Building Features

Lot Size

0.07 Acres


Sewer

Connected, Public Sewer

Other Property Details

Garage

No


Parking

No Garage


Parking Total

5


View

No


County

Providence


Water Source

Connected, Public


Pool

No

 

Courtesy of Compass / Lila Delman Compass

The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS, Inc. Real estate listings held by brokerage firms other than BHHS Commonwealth Real Estate are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.

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Data last updated 5:17 PM UTC, 1/10/2025.

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