249-257 Atwells Ave
Providence, RI 02903
Retail Property For Sale

Marcus and Millichap is pleased to present the mixed-use property at 249-257 Atwells Avenue in Providence, Rhode Island. The property sits on .15 acres of land, consisting of 2 storefront retail spaces and 2 three-bedroom apartments combining for a total living area of 6,500 sq. ft. and a private parking lot for a total area of 14,964 sq. ft. Additionally, the property is C2 zoned which allows an investor to build up to 4 stories high. The retail spaces are currently occupied by the famous Scialo Bakery which is a 3,000+ square foot space and occupies a majority of the property through continued expansion over the years and Studio Gallery which is a 1,500 square foot space. Both leases are tenant-at-will and can be adjusted accordingly. The property also includes a rare private parking lot with more than enough space for residents and customers. Located in the heart of Federal Hill, 249-257 Atwells Ave is less than a mile to Downtown Providence and close to local universities, restaurants, shopping options including the Providence Place Mall and Providence's AMTRAK Station which offers an easy commute to Boston and the surrounding areas. Due to it's location and amenities, Federal Hill remains one of the most desirable areas for students and young professionals in Providence and will continue to be highly demanded for decades to come.