Commercial at 1294 Chalkstone Avenue, Providence
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$589,900

1294 Chalkstone Avenue
Providence, RI 02908
Listed by The ALBA Group
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1936

About this home

Excellent opportunity to own a fully equipped commercial property with an operating restaurant in a highly visible Providence location. 1294 Chalkstone Avenue offers a versatile space well suited for an owner-user, investor, restaurant operator, retail business, or other commercial use allowed in the C2 zone. The property features a full basement and has benefited from significant building and infrastructure improvements, including a new HVAC system, new 400-amp electrical system, new roof, and new fire alarm system. The property currently houses an operating restaurant, and the kitchen equipment is included in the sale, providing an excellent opportunity for a buyer looking for a restaurant-ready location. A walk-in freezer is also included. Located along busy Chalkstone Avenue, the property offers strong street exposure and convenient access to surrounding Providence neighborhoods and major routes. Whether you are looking to operate your own business or add a commercial property to your investment portfolio, this property offers substantial potential.

Property details

MLS #
1421372
Property type
Commercial
Subdivision
Mount Pleasant
Status
Active
Days on market
20
On market date
August 24, 2026
Stories
1
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
2,926 sqft
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
George J. West El. School
0.13 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
628
Student:teacher ratio
16.5:1
District
Providence
MiddleCharter
AF Providence Mayoral Middle
1.06 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
405
Student:teacher ratio
31.2:1
District
Achievement First Rhode Island
High
Mount Pleasant High
0.51 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
1,174
Student:teacher ratio
14.5:1
District
Providence

Walkability

Blended score for Providence's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

84
Highly walkable
out of 100
EPA National Walkability Index
14.5 / 20 -- Above average walkable
Nearby-amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks11
Schools15
Transit stops20
Pharmacies7

Market position

How this listing compares to current activity in Providence, from live MLS data.

On the market 20 days -- 22 fewer days than Providence's current average of 42 days.
For reference, the median list price across 1,225 active listings in Providence right now is $449,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$3,702/mo
$117,980 down
$471,920 loan
Principal & interest$3,061
Property tax (est.)$492
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 12 days ago.

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.