777 Elmwood Avenue, Providence, RI 02907 - Photo 1

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$650,000

For Sale
Active
Business

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Property Description

PLEASE READ CAREFULLY Business Opportunity for Sale! Fully equipped turnkey restaurant located in a high-traffic area with excellent visibility and strong potential for an owner-operator or investor. This unique opportunity includes additional development potential, as the lot allows for the construction of up to three additional units or commercial spaces above the existing restaurant. The property also features a billboard generating approximately $12,000 per year in passive income to the owner. Rent-to-own option available for qualified buyers. Whether you are looking to expand your portfolio, operate your own business, or take advantage of the future development opportunities, this property offers multiple income streams and exceptional upside potential. Don't miss this rare investment opportunity!

Full Property Details

Full Property Details for 777 Elmwood Ave

General

Price: $650,000
Taxes: (2025)
Status: Active
Type: Business
Source: STWMLS
MLS ID: 1414971
Updated: 6/10/2026
Added to Site: 23 day(s) ago

Business

Business Type: Restaurant

Parking

Total Spaces: 15

Location

County: Providence

Utilities

Sewer: Connected
Utility Description: Sewer Connected

Structural Information

# Buildings: 1
Detached/Attached: Detached
Construction: Masonry
Stories/Levels: 0

Lot Features

Lot Size (Sq. Ft.): 10,000
Lot Size: 10000
Frontage: City Street

Financial Considerations

Tax Year: 2025

Disclosures and Reports

Property ID: 777ELMWOODAVPROV

Listed by Bani Properties

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Schools

Schools serving 777 Elmwood Ave

School District:Providence School District

Name	Grades	Distance
Reservoir Avenue School 156 Reservoir Avenue, Providence, RI 02907	K-5	0.3 mi
Lillian Feinstein El. School 159 Sackett Street, Providence, RI 02907	K-5	0.3 mi
Charlotte Woods Elementary School 674 Prairie Avenue, Providence, RI 02905	K-5	0.8 mi
Roger Williams Middle School 278 Thurbers Avenue, Providence, RI 02905	6-8	0.8 mi
Gilbert Stuart Middle School 188 Princeton Avenue, Providence, RI 02907	6-8	1 mi
Governor Christopher Delsesto Middle School 152 Springfield Street, Providence, RI 02909	6-8	2.9 mi
Dr. Jorge Alvarez High School 375 Adelaide Avenue, Providence, RI 02907	9-12	0.5 mi
W B Cooley & Academy Internationa 182 Thurbers Avenue, Providence, RI 02905	9-12	0.9 mi
Central High School, Providence, RI 70 Fricker Street, Providence, RI 02903	9-12	1.8 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 777 Elmwood Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

6/09/2026

Listed

$650,000

151.94%

MLS

7/15/2022

Sold

$258,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 777 Elmwood Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$9,464

25%

$324,100

51%

2024

$7,557

—

$215,300

—

2023

$7,557

$215,300

2022

$7,197

17%

$203,300

22%

2021

$6,140

—

$167,300

—

2019

$6,140

$167,300

2018

$5,909

—

$161,000

—

2017

$5,909

—

$161,000

—

2016

$5,909

$161,000

2015

$5,553

—

$151,100

—

2014

$5,553

—

$151,100

—

2013

$5,553

—

$151,100

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 777 Elmwood Ave

777 Elmwood Avenue, Providence, RI 02907 (MLS# 1414971) is a Business property. 777 Elmwood Avenue is currently listed for $650,000 and was received on June 09, 2026. Want to learn more about 777 Elmwood Avenue? Do you have questions about finding other Business real estate for sale in Providence? You can browse all Providence real estate or contact a Coldwell Banker agent to request more information.

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777 Elmwood Ave Providence, RI 02907