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$2,150,000
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Property Description
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.
Full Property Details
Full Property Details for 236 Atwells Ave
General
- Sold For: $2,150,000
- HOA FEE: $7,913
- Taxes: $72,376 (2023)
- Status: Closed
- Type: Commercial Residential Facility
- Source: STWMLS
- MLS ID: 1354048
Property History
- 236 Atwells Ave, Providence, RI
- Sold $2,150,000 on 6/29/24
- Listed $2,195,000 on 3/6/24
Business
- Business Type: Bakery, Bar/Tavern/Lounge, Deli/Catering, Food & Beve
Rental Information
- Lease Info: Escalation Clause, NNN
Rooms
Other Rooms
- Laundry: Common Area, Laundry Room
Additional Information
- Security/Safety: Carbon Monoxide Detector(s), Fire Alarm, Smoke Detector(s), Security Lights
Parking
- Total Spaces: 25
Location
- County: Providence
- Subdivision: Federal Hill
- Near Highway: Yes
Community
- Units Assoc/Comm: 4
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas, Individual, Zoned
Utilities
- Sewer: Connected, Public Sewer, Sanitary, Storm Sewer
- Water: Connected, Public
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Available, Fiber Optic Available, Natural Gas Available, Natural Gas Connected, Municipal Utilities, Phone Available, Sewer Connected, Water Connected
Structural Information
- # Buildings: 2
- Structure Type: Apartment
- Detached/Attached: Attached
- Construction: Frame, Masonry
- Basement: Yes
- Basement Desc.: Partial
- Stories/Levels: 2
- Building Size: 8598
- Finished Total: 8,598 Sq. Ft.
- Finished Above Grnd: 8,598 Sq. Ft.
- Year Built: 1905
- Other Struct. Feat.: Public Restrooms
Lot Features
- Lot Size (Acres): 0.39
- Lot Size (Sq. Ft.): 17,180
- Lot Size: 17180
- Frontage: City Street, Concrete, Paved
- Street Lights: Yes
- Sidewalks: Yes
- Development Status: Subdivided
- Potential Use: Commercial, Development, Investment, Mixed Use, Other, Residential, Retail, See Remarks
- Fencing (Description): Fenced
Financial Considerations
- Maint. Fee/Month: $7,913
- Tax Amount: $72,376
- Tax Year: 2023
- Tenant Pays: Air Conditioning, Cable TV, Electricity, Gas, HVAC Maintenance, Heat, Hot Water, Insurance, Janitorial Service, Parking Fee, Snow Removal, Sewer, Taxes, Trash Collection, Telephone
Disclosures and Reports
- Documents Avail.: Aerial, Site Plan, Survey
- Property ID: 236240ATWELLSAVPROV
- Lot Number: 644&1048
Listed by RI Real Estate Services
Sold by Green Island Realty, Inc.
Get Pre-Approved Today
Schools
Schools serving 236 Atwells Ave
School District:Providence School District
| Name | Grades | Distance |
|---|---|---|
Asa Messer Elementary School 1655 Westminster Street, Providence, RI 02909 | K-5 | 0.7 mi |
Harry Kizirian Elementary School 60 Camden Avenue, Providence, RI 02908 | K-5 | 1 mi |
William D'abate Elementary School 60 Kossuth Street, Providence, RI 02909 | K-5 | 1.1 mi |
Nathanael Greene Middle School 721 Chalkstone Avenue, Providence, RI 02908 | 6-8 | 0.8 mi |
Gilbert Stuart Middle School 188 Princeton Avenue, Providence, RI 02907 | 6-8 | 1.3 mi |
Esek Hopkins Middle School 480 Charles Street, Providence, RI 02904 | 6-8 | 1.8 mi |
Central High School, Providence, RI 70 Fricker Street, Providence, RI 02903 | 9-12 | 0.5 mi |
Classical High School, Providence, RI 770 Westminster Street, Providence, RI 02903 | 9-12 | 0.5 mi |
Hope High School 324 Hope Street, Providence, RI 02906 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
236 Atwells Avenue, Providence, RI 02903 (MLS# 1354048) is a Commercial Residential Facility property that was sold at $2,150,000 on June 29, 2024. Want to learn more about 236 Atwells Avenue? Do you have questions about finding other Commercial Residential Facility real estate for sale in Providence? You can browse all Providence real estate or contact a Coldwell Banker agent to request more information.

