Back to search
236 Atwells Avenue Providence, RI $ 2,195,000
Share Save
$ 2,195,000 Get more info
236 Atwells Avenue
$ 2,195,000
Back to search
Share Save

236 Atwells Avenue

Providence, RI, 02903
$ 2,195,000
Baths0.0 Sq 8,598

Monthly Estimate*

$ 14,589

236 Atwells Avenue, Providence, RI 02903 - Image 1
236 Atwells Avenue, Providence, RI 02903 - Image 2
236 Atwells Avenue, Providence, RI 02903 - Image 3
236 Atwells Avenue, Providence, RI 02903 - Image 4
236 Atwells Avenue, Providence, RI 02903 - Image 5
236 Atwells Avenue, Providence, RI 02903 - Image 6
236 Atwells Avenue, Providence, RI 02903 - Image 7
236 Atwells Avenue, Providence, RI 02903 - Image 8
236 Atwells Avenue, Providence, RI 02903 - Image 9
236 Atwells Avenue, Providence, RI 02903 - Image 10
236 Atwells Avenue, Providence, RI 02903 - Image 11
236 Atwells Avenue, Providence, RI 02903 - Image 12
236 Atwells Avenue, Providence, RI 02903 - Image 13
236 Atwells Avenue, Providence, RI 02903 - Image 14
236 Atwells Avenue, Providence, RI 02903 - Image 15
236 Atwells Avenue, Providence, RI 02903 - Image 16
236 Atwells Avenue, Providence, RI 02903 - Image 17
236 Atwells Avenue, Providence, RI 02903 - Image 18
236 Atwells Avenue, Providence, RI 02903 - Image 19
236 Atwells Avenue, Providence, RI 02903 - Image 20
236 Atwells Avenue, Providence, RI 02903 - Image 21
236 Atwells Avenue, Providence, RI 02903 - Image 22
236 Atwells Avenue, Providence, RI 02903 - Image 23
236 Atwells Avenue, Providence, RI 02903 - Image 24
236 Atwells Avenue, Providence, RI 02903 - Image 25
236 Atwells Avenue, Providence, RI 02903 - Image 26
236 Atwells Avenue, Providence, RI 02903 - Image 27
236 Atwells Avenue, Providence, RI 02903 - Image 28
236 Atwells Avenue, Providence, RI 02903 - Image 29
236 Atwells Avenue, Providence, RI 02903 - Image 30
236 Atwells Avenue, Providence, RI 02903 - Image 31
236 Atwells Avenue, Providence, RI 02903 - Image 32
236 Atwells Avenue, Providence, RI 02903 - Image 33
236 Atwells Avenue, Providence, RI 02903 - Image 34
236 Atwells Avenue, Providence, RI 02903 - Image 35
236 Atwells Avenue, Providence, RI 02903 - Image 36
236 Atwells Avenue, Providence, RI 02903 - Image 37
236 Atwells Avenue, Providence, RI 02903 - Image 38
236 Atwells Avenue, Providence, RI 02903 - Image 39
236 Atwells Avenue, Providence, RI 02903 - Image 40
236 Atwells Avenue, Providence, RI 02903 - Image 41
236 Atwells Avenue, Providence, RI 02903 - Image 42
236 Atwells Avenue, Providence, RI 02903 - Image 43
236 Atwells Avenue, Providence, RI 02903 - Image 44
236 Atwells Avenue, Providence, RI 02903 - Image 45
236 Atwells Avenue, Providence, RI 02903 - Image 46
236 Atwells Avenue, Providence, RI 02903 - Image 47
236 Atwells Avenue, Providence, RI 02903 - Image 48
236 Atwells Avenue, Providence, RI 02903 - Image 49
236 Atwells Avenue, Providence, RI 02903 - Image 50
View a Virtual Tour
Studio

Commercial Property for sale in Providence, RI

for $2,195,000. This 8,598 square foot building was built in 1905 on a lot size of 0.39.

Rare opportunity to own a bundle of prime real estate in the heart of historic Federal Hill, Providence. The sale includes 2 abutting freestanding properties, 236 Atwells Avenue (currently Cap't Loui Seafood Restaurant) and 240-242 Atwells Avenue (currently VL Restaurant & Lounge). In addition to the two commercial units the property also includes two residential units above 240-242 Atwells Avenue. Lastly the property has an oversized parking lot in the rear with 25+ parking spaces and rear egress. This is a very well maintained property with excellent investment income and future expansion potential. Contact agent for further details.

See more
Commercial Contingent

Price

$ 2,195,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 72,376

Style

Commercial

Lot Size

0.39

Year Built

1905

Town/City

Providence

County/Region

Providence

MLS | Web ID

1354048
Features
General
Sewer Connected PublicSewer Sanitary StormSewer
Heating ForcedAir Gas Individual Zoned
Cooling CentralAir
Utilities CableAvailable ElectricityAvailable FiberOpticAvailable NaturalGasAvailable NaturalGasConnected MunicipalUtilities PhoneAvailable SewerConnected WaterConnected
Possession Immediately Negotiable RentalAgreement
Development Status Subdivided
Zoning C2 & R3
Security Features CarbonMonoxideDetectors FireAlarm SmokeDetectors SecurityLights
Construction Materials Frame Masonry
Year Built 1905
Electric CircuitBreakers
Tenant Pays AirConditioning CableTV Electricity Gas HVACMaintenance Heat HotWater Insurance JanitorialService ParkingFee SnowRemoval Sewer Taxes TrashCollection Telephone
Stories 2
Levels Two
Property SubType Commercial
Tax Year 2023
Gross Income 284588.0
Business Type Bakery BarTavernLounge DeliCatering FoodBeverage IceCreamFrozenYogurt Mixed Parking Pizza RealEstate Restaurant Retail
Community Features HighwayAccess NearHospital NearSchools Other PublicTransportation RecreationArea Restaurant Shopping SeeRemarks HighTrafficLocation StreetLights Sidewalks
County Providence
Net Operating Income 169997.0
Insurance Expense 19196.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Contingency Inspection Period
Subdivision Name Federal Hill
Possible Use Commercial Development Investment MixedUse Other Residential Retail SeeRemarks
Garage Y/N N
Building Features PublicRestrooms
Status ActiveUnderContract
City Providence
View Y/N N
Senior Community Y/N N
Total Units 4
Lot Size Square Feet 17180.0
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 4
Street Name Atwells
Property Attached Y/N Y
Land Lease Y/N N
Tax Annual Amount 72376.0
Electric Expense 1613.0
Home Warranty Y/N N
Trash Expense 1260.0
Water Sewer Expense 8132.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://tour.RiLiving.com/236-240-Atwells-AV-Providence-RI-02903
Days on Market 76
Structure Type Apartment
Lease Type EscalationClause NNN
Standard Status ActiveUnderContract
Occupancy Type Tenant
Tax Assessed Value 2062000
Tax Lot 644&1048
Cap Rate 7.7
See more
Interior
Basement Partial
Total Stories 2
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 8598.0
Street Suffix Avenue
Laundry Features CommonArea LaundryRoom
Electric On Property Y/N N
Total Baths 0
See more
Exterior
Fencing Fenced
Water Source Connected Public
Total Parking 25.0
Lot Size Area 17180.0
Foundation Details Combination
Number of Buildings 2
Spa N
Building Area Total 8598.0
Lot Size Acres 0.39
Road Surface Type Concrete Paved
Frontage Length 72
Lot Size Units SquareFeet
Road Frontage Type CityStreet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
See more
Internal Only
Street Number 1 236
See more
* Excluded Features
List By
Ri Real Estate Services

Broker

mike@401sold.com

Email

Affordability Calculator

$20,620
Per Month
71%
29%
0%
Monthly Principal & Interest
$14,589
Monthly Property Taxes
$6,031
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
248553 Elementary School
248554 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/6/2024$2,195,000 Listed Price

Map

More homes like this one

homes for you

See all
See all

236 Atwells Avenue, Providence, RI, 02903 is a Commercial Property for sale at $2,195,000 with 8,598 sqft and a lot size of 0.39. 236 Atwells Avenue is a studio with 0.0 baths and was built in 1905. The property's zip code is 02903 which is in Providence, RI

Get more info