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$650,000

777 Elmwood Avenue
Providence, RI 02907
Listed by Rafael Delacruz
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

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!

Property details

MLS #
1414971
Property type
Commercial,Business
Subdivision
N/A
Status
Active
Days on market
10
On market date
June 9, 2026
Stories
N/A
Garage spaces
N/A
Lot size
10,000 sqft
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Reservoir Avenue School
0.27 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
250
Student:teacher ratio
15.6:1
District
Providence
Middle
Roger Williams Middle
0.8 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
735
Student:teacher ratio
13.6:1
District
Providence
High
Dr. Jorge Alvarez HS
0.48 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
681
Student:teacher ratio
13.1:1
District
Providence

Mortgage calculator

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Est. monthly payment
$4,064/mo
$130,000 down
$520,000 loan
Principal & interest$3,373
Property tax (est.)$542
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated June 20, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.