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.
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Property Features and Assets:

LIQUOR LISCENCE ? Class BV
1 Walk-In Cooler with compressor
1 Soda System Rack and Pumps

Main Office
Aldelo Point of Sale System w/ 2 Computer Servers

Closet / Basement
1 Coca Cola Upright Refrigerator
? door locker unit w/6 doors
1 pigeon hole locker unit w/5 doors
1 Mop Bucket w/ Mop

Main Bar and Dining Room
1 Red Bull Display Cooler
3 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 taps
1 Draft Beer Tower with 6 Taps
1 Draft Beer Tower With 2 taps
1 Draft Beer Tower with 1 Tap
1 hand sink
24 Televisions (Vizio, Samsung, Various Sizes)
2 Samsung Display Adverting Monitors
1 60? Round Pub Table
8 Wooden Backless Barstools
9 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 Chairs
1 Wooden Antique Hostess Stand
1 Wooden Antique Waitstaff Station
4 Aldelo Point of Sale Touch Screen Monitors w/ 2 cash drawers and 4 printers
6 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 rack
1 4ft stainless steal table with riser
1 coffee machine
1 4ft 2 door stainless steel cabinet
1 coca cola fountain soda machine with rack
1 Bud Light Vertical refrigerator
1 8 ft stainless steel prep table
1 alto Shaam hot holding cabinet
1 Market Forge Tilt Skillet
1 8ft hood and Ansul System
1 24? Waring electric flat top grill
4 24? wire racks
1? Asper 4ft sandwich unit
1-Precision 5 ft sandwich unit
1-4ft cutting board station
1 Stainless Steel Kitchen Cooking Line Rack System with Overhang Shelving
1 5ft Stainless Steel Prep Table
1 4ft Stainless Steel Prep Table
1 Pitco Gas Fryolator
1 Vulcan Gas Fryolator
1 36? Stainless Steel Prep table
2 electric food warmers
3 under counter electric food warmers
1 North American Upright Freezer
1 Atosa Upright Freezer
1 chest freezer
1 8 ft stainless Steel Prep Table
1 ? Fagor 2 door upright refrigerator
1 Walk in Cooler with assorted racks
1 32? stainless steel storage unit
1 hand sink
1 mop sink
1 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 Trap
1 ? Southbend 4 Burner Gas Stove Top / Oven
1 ? American Range 6 Burner Gas Stove Top / Oven
1 ? 5 ? ft tall bakers rack
1 ? Blueair 900 lb Ice machine
Assorted Storage Bins



Private Room
2 ? 6ft Beverage Air Glass Door Beer Coolers
1 Hand Sink
2 ? 23? Ice Wells with speed racks
2 ? 35? Glass Racks
2 Aldelo Point of Sale Touch Screen Monitors w/ 2 cash drawers and 2 printers
Assorted Glassware
2 ? 30? x 72? Dining Tables
1 ? 30? x 48? Dining Table
2 ? 48? Round Dining Tables
3- 36? Round Pub Tables
15 Wooden Dining Chairs
12 Backless Wooden Barstools
16 wooden barstools with backs
2 Coat Racks
3 Flat Screen TVs
12 ceiling mount speakers
Light Fixtures
8 Hanging Pendent Lights
2 half round booths
1 long banquette seating
Assorted Pictures and decorations currently on walls


Outdoor Patio
Metal Bar
2 Outside Tv Enclosures
2 TVS
1 beer cooler


RENTAL EQUIPEMENT
ATM & Bar Top Video Game ? Belongs to Avalon Entertainment
Lottery Machine & Monitor ? Belongs to RI Lottery
Portable Keg Unit ? Belongs to Mclaughlin & Moran
CO2 System with Tanks and Mixing Valves ( $350 Per Month )
Bar Dishwasher (Private Room) Ecolab /Pure force $124.01 Per Month
Kitchen 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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• View more Rhode Island businesses for sale
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