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371-373 Smith St 2,631 SF Retail Building Providence, RI 02908 $650,000 ($247.05/SF)
Investment Highlights
- HIGH TRAFFIC AREA
- FULLY EQUIPPED FOOD AND LOUNGE, COMMERCIAL KITCHEN, BAR, DELI SET UP
Executive Summary
Exceptional opportunity to own a fully equipped food and lounge property with real estate in Providence. This one-level, turnkey building is thoughtfully laid out with a front QSR/café space and an adjoining lounge/event area, offering flexibility for a wide range of concepts. The property includes a complete commercial kitchen, bar, and deli setup, allowing a new owner to launch quickly with minimal upfront investment. While the business is not currently cash-flow positive, the infrastructure is fully in place for a new concept, rebrand, or expanded events-driven operation. The kitchen is outfitted with a 12-foot hood with Ansul system, 6-burner range, flat-top, charbroiler, fryer, convection oven, ample stainless workspace, prep refrigeration, bar and beer coolers, POS systems, security cameras, and smallwares. With real estate included, a flexible layout, and location along an active commercial corridor, this property presents a rare opportunity for an owner-operator or investor to create a profitable food, beverage, or event destination.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,631 SF
Building Class
C
Year Built/Renovated
1955/1999
Price
$650,000
Price Per SF
$247.05
Tenancy
Single
Building Height
1 Story
Building FAR
0.41
Lot Size
0.15 AC
Zoning
C-2
Parking
4 Spaces (1.52 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
Exceptionally walkable
90/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | PROV-680002-000000-000000 | Improvements Assessment | $249,000 |
| Land Assessment | $145,300 | Total Assessment | $394,300 |
Property Taxes
Parcel Number
PROV-680002-000000-000000
Land Assessment
$145,300
Improvements Assessment
$249,000
Total Assessment
$394,300
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371-373 Smith St
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