Supermarket with building and 4 apartments

Providence, RI (Providence County)

Supermarket with building and 4 apartments
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Asking Price: $600,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $600,000

Established: 1960

Supermarket with building and 4 apartments

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Business Description

This is a rare opportunity to own a fully equipped and established market, currently closed, with more than 50 years of history. The building is located in a fabulous corner with large private parking and four apartments currently rented.
The current owners have invested a sizable amount of money in a new roof, LED Lighting System, security cameras, the installation of four vertical display freezers of three to four doors. The finished basement is also improved with air conditioned offices. The fixtures and equipment alone have an estimated value of $220,000.00
This fully equipped supermarket is able to provide a complete menu of grocery services including but not limited to produce, frozen foods, dairy, meat, deli, etc. It has a complete butcher area. It is located in a busy, dynamic neighborhood. The growing Hispanic community provides additional opportunities to a new owner.

Detailed Information

Location:
Providence, RI
Real Estate:
Owned
Included in asking price
Building SF:
8,400
Employees:
N/A
Facilities:
The property has 22,000 square feet with frontages on three streets and an square and church. The retail store is approximately 6,400 square feet. There are two outside accesses to its finished basement of similar area with air conditioned offices. The second & third floors are four renovated apartment with separate utilities & independent access. There is over 15,000 square feet of paved parking for the patrons and tenants.
Competition:
UNIQUE OPPORTUNITY. Hispanic population waiting for the reopening of this much needed market.
Reason for Selling:
Other interests
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Javier Castro

Business Listed By:
Javier Castro

Boston Bay Business Brokers

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