Restaurant & Event Space With Real Estate & Development Potential

Business Overview:

Fully Equipped Restaurant with Real Estate Space & Event Venue - Prime Location & Growth Potential This turnkey Restaurant with Real Estate and event venue in Providence, RI, offers over 10,000 square feet of fully built-out space on nearly an acre of land. Ideally located at a highway on-ramp, it boasts exceptional visibility and high traffic counts, making it a prime opportunity for an owner-operator or investor. The space is fully equipped and ready to go—bring your own concept and make it your own!The Restaurant with Real Estate, offered by We Sell Restaurant, layout includes a large dining area, dedicated event space, and a spacious outdoor patio, offering flexibility for various business models. The fully equipped kitchen features a high-capacity hood system, Ansul system, multiple sandwich units, a grill, an oven, fryers, and two walk-in coolers. Three fully stocked bars provide excellent service capabilities, making this space ideal for a full-service restaurant, bar, or private event venue. The current restaurant business is not included in the sale price, but negotiations may be considered for those interested in acquiring it separately.Beyond the restaurant, the second and third floors offer significant residential development potential, catering to the growing demand for housing near Providence College. With its prime location near PC, downtown, bus stations, and the train station, this site is well-suited for mixed-use development, allowing for modern residential units above a thriving commercial space. There is also potential to build upward, further increasing residential capacity and investment value. The Restaurant with Real Estate includes 50 parking spaces, ensuring convenience for both residents and business patrons.This is a rare opportunity to take over a fully built-out Restaurant with Real Estate, whether to launch a new concept, expand your brand, or develop residential units in a sought-after location. Contact us today for more details and to schedule a confidential viewing.By providing your phone number to We Sell Restaurants, you agree to receive text notifications.

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Property Features and Assets:

LIQUOR LISCENCE ? Class BV1 Walk-In Cooler with compressor 1 Soda System Rack and PumpsMain OfficeAldelo Point of Sale System w/ 2 Computer Servers Closet / Basement1 Coca Cola Upright Refrigerator? door locker unit w/6 doors1 pigeon hole locker unit w/5 doors1 Mop Bucket w/ MopMain Bar and Dining Room 1 Red Bull Display Cooler3 Ice Wells with speed racks ( 24?, 32?, 36?)3 Bay Sink 2 Beer Coolers (Asper 54?)2 Wire Racks 1 Draft Beer Tower with 12 taps1 Draft Beer Tower with 6 Taps1 Draft Beer Tower With 2 taps1 Draft Beer Tower with 1 Tap1 hand sink 24 Televisions (Vizio, Samsung, Various Sizes)2 Samsung Display Adverting Monitors 1 60? Round Pub Table8 Wooden Backless Barstools9 Assorted Sized Pub Tables (Square, Rectangle and Round)5 Booth Seating with Tables 45 Wooden barstools with backs 9 Dining Tables (Various Sizes)28 Red Metal Dining Chairs1 Wooden Antique Hostess Stand1 Wooden Antique Waitstaff Station 4 Aldelo Point of Sale Touch Screen Monitors w/ 2 cash drawers and 4 printers6 Surround Sound Wall Mount Speakers 1 Cable Box Rack 5 Bar Pendent hanging lights 6 Hanging Pendent light over booth seating Track Lighting and hanging light fixtures 4 Wooden High chairs 3 Booster Seats Kitchen 1 4 ft wire rack1 4ft stainless steal table with riser 1 coffee machine1 4ft 2 door stainless steel cabinet1 coca cola fountain soda machine with rack1 Bud Light Vertical refrigerator1 8 ft stainless steel prep table1 alto Shaam hot holding cabinet1 Market Forge Tilt Skillet 1 8ft hood and Ansul System 1 24? Waring electric flat top grill424? wire racks1? Asper 4ft sandwich unit1-Precision 5 ft sandwich unit 1-4ft cutting board station1 Stainless Steel Kitchen Cooking Line Rack System with Overhang Shelving1 5ft Stainless Steel Prep Table1 4ft Stainless Steel Prep Table1 Pitco Gas Fryolator1 Vulcan Gas Fryolator1 36? Stainless Steel Prep table2 electric food warmers3 under counter electric food warmers1 North American Upright Freezer 1 Atosa Upright Freezer1 chest freezer 1 8 ft stainless Steel Prep Table1 ? Fagor 2 door upright refrigerator 1 Walk in Cooler with assorted racks1 32? stainless steel storage unit 1 hand sink 1 mop sink1 3 bay sink 1 4 ft stainless steel prep table with riser 1 5 ft wire rack Assorted smallware (pots, pans, utensils, plates, bowls, silverware, hotel pans)Assorted trash barrels 1 Zephaire Convection Oven 1 Grease Trap1 ? Southbend 4 Burner Gas Stove Top / Oven 1 ? American Range 6 Burner Gas Stove Top / Oven 1 ? 5 ? ft tall bakers rack1 ? Blueair 900 lb Ice machineAssorted Storage Bins Private Room 2 ? 6ft Beverage Air Glass Door Beer Coolers1 Hand Sink2 ? 23? Ice Wells with speed racks2 ? 35? Glass Racks2 Aldelo Point of Sale Touch Screen Monitors w/ 2 cash drawers and 2 printers Assorted Glassware2 ? 30? x 72? Dining Tables1 ? 30? x 48? Dining Table2 ? 48? Round Dining Tables3- 36? Round Pub Tables15 Wooden Dining Chairs12 Backless Wooden Barstools16 wooden barstools with backs 2 Coat Racks3 Flat Screen TVs12 ceiling mount speakersLight Fixtures 8 Hanging Pendent Lights2 half round booths1 long banquette seating Assorted Pictures and decorations currently on walls Outdoor PatioMetal Bar 2 Outside Tv Enclosures2 TVS1 beer coolerRENTAL EQUIPEMENT ATM & Bar Top Video Game ? Belongs to Avalon EntertainmentLottery Machine & Monitor ? Belongs to RI LotteryPortable Keg Unit ? Belongs to Mclaughlin & MoranCO2 System with Tanks and Mixing Valves ( $350 Per Month )Bar Dishwasher (Private Room) Ecolab /Pure force $124.01 Per MonthKitchen Dishwasher ? Ecolab / Pure force $195.76 Per Month Directv Cable Boxes (33) ? Need to be returned if you do not keep them ($450 Per Month Boxes)Kitchen Chef Knives -Belong to RI Grinding 32 Camera Security System with 2 Servers ? Cox Communications ($500 Per Month

Market Competition and Expansion:

This restaurant is located in a high-traffic area with excellent visibility, making it easily accessible for customers. Its prime location near a major highway ensures a steady flow of potential patrons, while its close proximity to several colleges attracts a vibrant student population. Additionally, being near a convention center and major hotels provides opportunities to capture business from visitors and events, further enhancing its appeal. This combination of factors positions the restaurant for success in a bustling and dynamic environment.

Reason for Selling:

New Career

Additional Details:

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