Lease to Own
Address
1245 Chalkstone Avenue, Providence, RI
Price
$ 599,000
Property Attributes
  • MLS#1346991
  • TypeCommercial
  • CountyPROVIDENCE
  • CityProvidence
  • Zip02908
  • StyleCommercial
  • Year Built1940
  • Taxes$ 8564
  • Price$ 599,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3246
  • Lot Size5,246 SqFt
Data Source:
Rhode Island Statewide MLS (RIAR)
Property Description

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.

Price History
11/21/2023 Listed $599,000

General Features

Sewer Connected,PublicSewer
Utilities ElectricityAvailable,NaturalGasAvailable,MunicipalUtilities,WaterConnected,SewerConnected
Possession Negotiable
Zoning C-1
Security Features Prewired,SecuritySystem,CarbonMonoxideDetectors,FireAlarm,FireSprinklerSystem,SmokeDetectors,BuildingSecurity
Construction Materials Brick
Year Built 1940
Electric CircuitBreakers
Stories 1
Levels One
Property SubType Commercial
Tax Year 2023
Business Type Bakery,Retail
Community Features HighwayAccess,NearHospital,NearSchools,PublicTransportation,RecreationArea,Restaurant,Shopping,HighTrafficLocation,Sidewalks
Business Name DeLuise Bakery
County Providence
New Construction No
Property Type CommercialSale
HOA / Comm Assn No
Attached Garage No
Possible Use Commercial,MixedUse,Other,Retail
Garage Y/N No
Building Features PublicRestrooms
Status Active
City Providence
View Y/N No
Senior Community Y/N No
Total Units 3
Lot Size Square Feet 5246.0
Waterfront Y/N No
Carport Y/N No
Street Name Chalkstone
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 8564.0
Home Warranty Y/N No
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 174
Standard Status Active
Tax Assessed Value 240900
Tax Lot 561
MobileHomeRemainsYN No

Interior Features

Basement Full
Total Stories 1
Basement (Y/N) Yes
Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Above Grade Finished Area 3246.0
Street Suffix Avenue
Electric On Property Y/N No

Exterior Features

Lot Features CornerLot
Water Source Connected,Public
Total Parking 0.0
Lot Size Area 5246.0
Foundation Details ConcretePerimeter
Number of Buildings 1
Spa No
Building Area Total 3246.0
Road Surface Type Paved
Lot Size Units SquareFeet
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 02908

Price
AVG $1.37M
$600K
Taxes
AVG $6,826
$8,564
Visits
AVG 105
217
Data Provided by Inside Real Estate®
Year Built
AVG 1965
1940
Walkscore
AVG 73
73
Data Provided by Walkscore® not using MLS data

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