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78 Pearl Street

Providence, RI 02905
  • $595,000
  • STATUS: Active
  • ON SITE: 30 Days
  • MLS #: 1323579
UPDATED: 193 min ago
$595,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1920
County:
Area:

School Ratings & Info

Description

A unique business opportunity that includes the real estate. Local cafe, eatery & pub with a 1am liquor license. The business has been focusing on catering and has experienced a 75% increase in sales year to date. Currently the cafe is operating on limited hours with no nights or weekends. A new operator could easily increase revenues by adding hours and weekends. A captive audience exists with Woman & Infants, Rhode Island Hospital and Hasbro Children's Hospital and many physicians' office buildings all within walking distance. The building and business provide a great opportunity for expansion by fully utilizing the 1am full liquor license. The first floor and basement house the cafe and there is a 2-bedroom apartment on the 2nd floor that is rented at $1600 per month. Annual sales of approximately $300K with abundant room for growth.Owner is retiring after over 35 years in the hospitality business.

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© 2022 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Onshore Realtors are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Onshore Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-12-03T23:37:32.217.
www.onshorerealtors.com/homes/134514869
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78 Pearl Street Providence, RI 02905

  • Price: $595,000
  • Status: Active
  • On Site: 30 Days
  • Updated: 193 min ago
  • MLS #: 1323579
0
Beds
0
Baths
0
½ Baths
0.03
Acres
1920
Built
Neighborhood:
Hospital
County:
Providence
Area:
Providence
Property Description
A unique business opportunity that includes the real estate. Local cafe, eatery & pub with a 1am liquor license. The business has been focusing on catering and has experienced a 75% increase in sales year to date. Currently the cafe is operating on limited hours with no nights or weekends. A new operator could easily increase revenues by adding hours and weekends. A captive audience exists with Woman & Infants, Rhode Island Hospital and Hasbro Children's Hospital and many physicians' office buildings all within walking distance. The building and business provide a great opportunity for expansion by fully utilizing the 1am full liquor license. The first floor and basement house the cafe and there is a 2-bedroom apartment on the 2nd floor that is rented at $1600 per month. Annual sales of approximately $300K with abundant room for growth.Owner is retiring after over 35 years in the hospitality business.
Exterior Features

Construction Materials Frame Foundation Details Combination Levels Two Parking Total 0

Interior Features

Basement Full Basement YN Yes Building Features Public Restrooms Cooling Ductless Furnished Furnished Heating Forced AirGas

Property Features

Business Type Food & Beverage Community Features GolfHighway AccessNear HospitalNear SchoolsPublic TransportationRecreation AreaShoppingStreet Lights Electric 200+ Amp Service Land Lease YN No Property Sub Type Commercial Road Frontage Type City Street Road Surface Type Asphalt Security Features Fire AlarmSecurity Lights Sewer ConnectedPublic SewerSewer Assessment(S)Sanitary Tax Annual Amount 14610 Tax Assessed Value 398100 Tax Lot 544 Tax Year 2021 Utilities Electricity AvailableNatural Gas AvailableNatural Gas ConnectedMunicipal UtilitiesPhone AvailableWater ConnectedSewer Connected Water Source ConnectedMultiple MetersWater Assessment(S)Public Zoning C1

Listing information © 2022 State-Wide Multiple Listing Service.
Listing provided courtesy of Conway Commercial Group: [IDXCONTACTINFORMATION].





© 2022 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Onshore Realtors are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Onshore Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-12-03T23:37:32.217.
 
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57 Shore Rd, Suite B
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