22 Olneyville Square
Providence, RI, 02909 $ 90,000
Baths0.0 Monthly Estimate*
$ 598
Studio
for $90,000. This home was built in 2022 on a lot size of 0.0932.
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.
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FeaturesGeneralSewer 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
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 N
Property Type BusinessOpportunity
HOA / Comm Assn N
Attached Garage N
Subdivision Name Olneyville Square
Garage Y/N N
Status Active
City Providence
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 0
Lot Size Units SquareFeet
Lot Size Square Feet 4061.0
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 1
Street Name Olneyville
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 12955.0
Electric Expense 0.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N Y
Rent Control Y/N N
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
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InteriorBasement Partial
Total Stories 2
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 0.0
Street Suffix Square
Electric On Property Y/N N
Total Baths 0
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ExteriorWater Source Public
Total Parking 0.0
Lot Size Area 4061.0
Number of Buildings 1
Spa N
Building Area Total 0.0
Lot Size Acres 0.0932
Frontage Length 65
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByChurchill & Banks Co., LlcBroker
Affordability Calculator
- Monthly Principal & Interest
- $598
- Monthly Property Taxes
- $1,080
- 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 NearbySingle family listings in Providence, RI
Average List Price $680,267
Percent of Sale Price 656%
About Providence, RI 179,223 Population
3% Since 2002
$ 40,310 Median Income
31.99 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
248553 Elementary School
248554 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/22/2024 | $90,000 | | Listed Price |