PRIME MIXED-USE OPPORTUNITY IN FEDERAL HILL'S RESTAURANT ROW. Commercial + Two Residential Units Exceptional investment opportunity. This turnkey mixed-use property features an established restaurant space with an impressive 34-year legacy, complemented by two income-generating residential units above. COMMERCIAL HIGHLIGHTS: Fully equipped restaurant space with decades of successful operation Prime location on historic Atwells Avenue with high foot traffic Existing kitchen infrastructure and dining room setup Established customer base and neighborhood recognition Versatile space suitable for continued restaurant operation or new business venture RESIDENTIAL FEATURES: Two well-maintained rental units providing steady income stream Separate entrances ensuring privacy for commercial and residential tenants Ideal urban location attractive to quality tenants Additional revenue potential through property improvements Perfect for investors seeking a proven commercial space with built-in residential income, or entrepreneurs ready to write the next chapter of this property's story. Whether maintaining the existing restaurant concept or launching a new venture, this turnkey property offers immediate operational capability with significant upside potential. This rare opportunity combines Providence's rich culinary heritage with modern investment potential. Don't miss the chance to own a piece of Federal Hill's vibrant business community.
Pending
$650,000
948 Atwells Ave, Providence, RI 02909
5beds
2,490sqft
Est.:
Multi Family
Built in 1922
-- sqft lot
$-- Zestimate®
$261/sqft
$-- HOA
What's special
Dining room setupExisting kitchen infrastructure
- 181 days
- on Zillow |
- 36 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: June 27, 2025 at 09:31am
Listed by:
The Duque Group 401-808-5611,
Compass
Source: StateWide MLS RI,MLS#: 1375940

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Bathroom
- Features: Bath w Tub & Shower
Heating
- Natural Gas, Steam
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Wall (Dry Wall), Wall (Plaster), Wall (Wood), Plumbing (Mixed)
- Flooring: Ceramic Tile, Hardwood, Laminate
- Basement: Full,Interior Entry,Unfinished,Laundry,Storage Space,Utility
- Has fireplace: No
Interior area
- Total structure area: 2,490
- Total interior livable area: 2,490 sqft
Video & virtual tour
Property
Parking
- Total spaces: 5
- Parking features: No Garage
Features
- Stories: 3
Lot
- Size: 3,049.2 Square Feet
Details
- Parcel number: PROVM63L79
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Plaster, Wood Wall(s), Vinyl Siding
- Foundation: Brick/Mortar
Condition
- New construction: No
- Year built: 1922
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Municipal
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Features: Near Public Transport, Commuter Bus, Highway Access, Hospital, Interstate, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping
- Subdivision: Mount Pleasant
HOA
- Has HOA: No
Location
- Region: Providence
Financial & listing details
- Price per square foot: $261/sqft
- Tax assessed value: $215,100
- Date on market: 1/10/2025
- Inclusions: Restaurant equipment and furniture to remain and transfer over with sale.
- Total actual rent: 0
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