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Kim Marion

[email protected] +1(401) 692-1644

$ 199,000

Est. payment -/mo

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Price Dropped by $30K

638 Charles ST Providence, RI 02904

1,800 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 1,800 sqft

Price per Sqft $110

MLS Listing ID 1393824

HOA Y/N No

Abv Grd Liv Area 1,800

Year Built 1930

Tax Year 2024

Lot Size 1,800 Sqft

Property Sub-Type Commercial

Property Description

Established Providence market operating for over 50 years with a loyal neighborhood customer base. This 1,800 sq ft turnkey grocery and halal butcher business offers multiple revenue streams including grocery, fresh meat, tobacco products, ATM income, and delivery service. Opportunity exists to add lottery sales for additional revenue potential.
Recent annual sales reported at $752,000+ with efficient operations currently run by two employees. Very low rent of $1,350/month, offering strong operating margins and long-term stability.
Business includes fixtures, equipment, and established vendor relationships. Inventory to be sold separately (approx. $25,000). Financial information including POS reports and tax returns available upon execution of NDA and proof of funds or lender pre-approval.
Confidential sale. Please do not approach staff or discuss sale on site. All showings must be scheduled through the listing agent.

Location

State RI

County Providence

Zoning C-2

Rooms

Basement Full

Interior

Heating Steam

Inclusions Goodwill & branding (Foodland Farm International Halal Market) Halal butcher operations (meat & chicken) Grocery/convenience inventory (Included in asking price) Tobacco license (transferable) Lottery license (renewable-not active now) ATM & revenue stream Hookah, vapes, American & Mediterranean groceries All equipment, freezers, coolers, displays, butcher machinery, POS system all go with the sale.

Furnishings Furnished

Exterior

Fence Fenced

Community Features Highway Access, Near Hospital, Near Schools, Public Transportation, Shopping, High Traffic Location, Street Lights, Sidewalks

Utilities Available Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Connected

Street Surface Paved

Total Parking Spaces 6

Building

Lot Description Corner Lot

Story 3

Sewer Connected, Public Sewer

Water Connected, Public

Level or Stories 3

Structure Type Other

New Construction No

Others

Tax ID 638CHARLESSTPROV

Security Features Fire Alarm,Fire Escape,Fire Sprinkler System,24 Hour Security,See Remarks

Acceptable Financing Assumable, Lease, Lease Option

Listing Terms Assumable, Lease, Lease Option

Virtual Tour https://tour.RiLiving.com/638-Charles-Street-Providence-RI-02904

Listed by Gold Door Realty

NEARBY SCHOOLS & PROPERTIES

Kim Marion

GLOBAL ADVISOR, REALTOR | License ID: RI 0042828 & MA 1000591

+1(401) 692-1644

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