1245-1251 Chalkstone Ave 6,554 SF 100% Leased Retail Building Providence, RI 02908 $595,000 ($90.78/SF)

INVESTMENT HIGHLIGHTS

  • Near Dora's Home Childcare.
  • Iconic Legacy: Home to DeLuise Bakery, a cherished establishment since 1938 with a loyal customer base.
  • High Visibility: Positioned at a busy intersection, ensuring maximum exposure and accessibility
  • Near Mt Pleasant Academy.
  • Versatile Space: Offers flexible layout options for continuing the bakery tradition or pursuing new business ventures.
  • Convenient Parking

EXECUTIVE SUMMARY

Presenting the iconic DeLuise Bakery, a cherished establishment since its founding in1938. This commercial real estate gem features 3 units in a prime location zoned C-1. DeLuise Bakery has been a cornerstone of the community for over eight decades, creating a strong established legacy and loyal customer base. Positioned perfectly at the bustling intersection of Chalkstone and Mt. Pleasant, this property enjoys extremely high visibility and accessibility, making it an ideal spot for continued success. With three commercial units, the building offers versatility for various business endeavors. Whether you wish to continue the bakery tradition or explore other commercial opportunities, the layout caters to a range of possibilities. A significant advantage is the convenience of off street parking with a spacious lot behind the building. This amenity enhances customer convenience and accessibility for both employees and patrons. The sale also encompasses not only the property but also the well-established bakery business and all of the equipment. This turnkey operation allows for a seamless transition, making it an attractive proposition for entrepreneurs and investors alike. The bakery's rich history adds a unique charm to the property, providing a distinct character that resonates with the local community. This is an exceptional opportunity for those looking to invest in a piece of Providence's history while securing a prime commercial space.

PROPERTY FACTS Under Contract

Sale Type
Investment
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Storefront
Building Size
6,554 SF
Building Class
C
Year Built
1940
Price
$595,000
Price Per SF
$90.78
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.69
Lot Size
0.22 AC
Zoning
C-1 - Commercial, mixed use
Parking
8 Spaces (2.46 Spaces per 1,000 SF Leased)
Frontage
110’ on Chalkstone Ave

AMENITIES

  • Bus Line
  • Signalized Intersection
Walk Score®
Very Walkable (74)

NEARBY MAJOR RETAILERS

Citizens Bank
Chase Bank
Colortyme
Santander
Stop & Shop Companies, Inc, The
Newport Creamery

PROPERTY TAXES

  • Listing ID: 30207525

  • Date on Market: 11/30/2023

  • Last Updated:

  • Address: 1245-1251 Chalkstone Ave, Providence, RI 02908