Address
22 Olneyville Square, Providence, RI
Price
$ 90,000
Property Attributes
- MLS#1357283
- TypeSingle Family
- CountyPROVIDENCE
- CityProvidence
- NeighborhoodOlneyville Square
- Zip02909
- StyleBusiness
- Year Built2022
- Taxes$ 12955
- Price$ 90,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size4,060 SqFt
Data Source:
Rhode Island Statewide MLS (RIAR)
Property Description
True Turnkey business -- this trendy restaurant & lounge is perfect for a motivated entrepreneur. You can be a part of the Olneyville Square revival in Providence, right in the center of the action overlooking the Square from the center. Its lofted second floor location provides privacy and relaxation away from the hustle and bustle down below. The business is fresh and running steady -- a motivated buyer can take over right away. Several highly acclaimed venues also share the Square including a famous, James Beard award-winning restaurant (Olneyville NY System, 80+ years), acclaimed BBQ (Wes' Rib House, 50+ years), popular live music venue (Fete Music Hall), a couple of speakeasies, and a variety of other busy restaurants, not to mention a dozen retail stores. Nightlife has always been a feature of this neighborhood, so people going to the concerts or shows next door can have dinner at your place first. Surrounded by new loft apartment buildings and more under construction, the Square has been attracting new business. Purchase includes all business assets including kitchen equipment, decor, FF&E, etc. Owner installed new hoods, Ansul system, 6 burner range, grill, flat-top griddle, fryer, dishwasher, coolers, etc., plus buildout work including refinished floors, wider commercial windows, handicap stair lift, fully loaded HVAC (heat and cooling), water heater, Cintas sprinkler system and more. Rent $5900/month. Financials provided for serious candidates.
| Price History | |
|---|---|
| 4/22/2024 | Listed $90,000 |
General Features
| Sewer | PublicSewer |
|---|---|
| Cooling | CentralAir |
| Utilities | ElectricityAvailable,NaturalGasAvailable |
| Possession | Immediately |
| Zoning | C-2 |
| HOA | 0.0 |
| Security Features | FireSprinklerSystem |
| Construction Materials | Brick |
| Year Built | 2022 |
| Electric | Item3Phase,Item220Volts |
| Stories | 2 |
| Levels | Two |
| Property SubType | Business |
| Tax Year | 2023 |
| OwnerPays | Gas,HotWater |
| Business Type | BarTavernLounge,FoodBeverage,Restaurant |
| Community Features | HighwayAccess,PublicTransportation,Restaurant |
| Building Name | Smith Building |
| Assoc Fee Paid Per | Monthly |
| Business Name | The Office |
| County | Providence |
| New Construction | No |
| Property Type | BusinessOpportunity |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Subdivision Name | Olneyville Square |
| Garage Y/N | No |
| Status | Active |
| City | Providence |
| View Y/N | No |
| Senior Community Y/N | No |
| Lot Size Square Feet | 4061.0 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Number of Units Leased | 1 |
| Street Name | Olneyville |
| Property Attached Y/N | No |
| Land Lease Y/N | No |
| Tax Annual Amount | 12955.0 |
| Electric Expense | 0.0 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | Yes |
| Rent Control Y/N | No |
| Virtual Tour | https://tour.RiLiving.com/22-Olneyville-SQ-Providence-RI-02909 |
| Days on Market | 12 |
| Standard Status | Active |
| Tax Assessed Value | 369100 |
| Tax Lot | 323 |
| Property Sub Type Additional | Business |
| MobileHomeRemainsYN | No |
Interior Features
| Basement | Partial |
|---|---|
| Total Stories | 2 |
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | Yes |
| Heating Y/N | No |
| Fireplace Y/N | No |
| Above Grade Finished Area | 0.0 |
| Street Suffix | Square |
| Electric On Property Y/N | No |
| SeatingCapacity | 50 |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking | 0.0 |
| Lot Size Area | 4061.0 |
| Number of Buildings | 1 |
| Spa | No |
| Building Area Total | 0.0 |
| Lot Size Acres | 0.0932 |
| Frontage Length | 65 |
| 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 Single Family Average in 02909
Price
Taxes
Visits
Year Built
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