114 Spruce St
Providence, RI 02903
Retail Property For Sale
Investment Highlights
- Heavy foot traffic
- Open plan with unique court yard
- turn-key
Property Facts
Amenities
- Bus Line
About 114 SPRUCE ST , PROVIDENCE, RI 02903
This turn-key property, currently used as bar and lounge in the heart of Federal Hill, offers 2,224 sq ft of indoor space as well as an additional 680 sq foot covered courtyard and large foot wood deck. One of a few properties that is zoned entertainment where you are ALLOWED TO CHARGE ADMISSION. Establishment was completely renovated in 2016. Highlights include three bars, commercial kitchen and prep room, walk-in refrigerator and freezer, 2 working fireplaces, a 4 year old 2 zone HVAC system, on demand hot water unit, slate roof, 110 seats inside and 75 seats outside. Current tenant pays $3,000 mo rent and as well as property taxes (approx 1,200/mo), lease expires 10/31/20 MOTIVATED SELLER. Property is zoned for an entertainment license (allows charging admission) and is a non remonstrance area.
Property Taxes
| Parcel Number | PROV-280546-000000-000000 | Improvements Assessment | $190,600 |
| Land Assessment | $511,700 | Total Assessment | $702,300 |
Property Taxes
