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Mello Building 834-836 Admiral St 1,912 SF 100% Leased Retail Building Providence, RI 02904 $299,000 ($156.38/SF) 12.01% Cap Rate
INVESTMENT HIGHLIGHTS
- Good take out restaurant
- Prime High traffic Location
- Fully equipped and furnished
EXECUTIVE SUMMARY
1,854 SF building and restaurant equipment, the restaurant equipment is sold separately.
Key Features
1,848 SF of commercial space
Corner lot with excellent street exposure
Flexible interior layout for restaurant or retail use
All major utilities in place, including natural gas and 200+ amp service
Zoned C-1 for commercial use
Convenient access to downtown Providence and surrounding neighborhoods
Ideal For
? Restaurant, café, or bakery? Retail storefront? Grab-and-go food or beverage concept? Neighborhood service business
Key Features
1,848 SF of commercial space
Corner lot with excellent street exposure
Flexible interior layout for restaurant or retail use
All major utilities in place, including natural gas and 200+ amp service
Zoned C-1 for commercial use
Convenient access to downtown Providence and surrounding neighborhoods
Ideal For
? Restaurant, café, or bakery? Retail storefront? Grab-and-go food or beverage concept? Neighborhood service business
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,912 SF
Building Class
C
Year Built/Renovated
1940/2020
Price
$299,000
Price Per SF
$156.38
Cap Rate
12.01%
NOI
$35,910
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.73
Lot Size
0.06 AC
Zoning
C-1 - Commercial one zoning
Frontage
AMENITIES
- Bus Line
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- The Corner Grill
- Accommodation and Food Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| The Corner Grill | Accommodation and Food Services | - | - | - |
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | PROV-001240-000508-000000 | Improvements Assessment | $118,500 |
| Land Assessment | $114,800 | Total Assessment | $233,300 |
PROPERTY TAXES
Parcel Number
PROV-001240-000508-000000
Land Assessment
$114,800
Improvements Assessment
$118,500
Total Assessment
$233,300
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Mello Building | 834-836 Admiral St
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