Development Opportunity with Existing Restaurant in East Providence, RI

This listing presents a significant development opportunity in East Providence, Rhode Island, featuring a prime 25,000 sq. ft. lot with the potential to develop a 40-50 unit residential complex, complete with a rooftop restaurant offering water views. The property currently hosts a highly successful, 30-year-old restaurant that has undergone recent renovations to its dining and lounge areas. This versatile site is ideal for developers and equity partners looking to create modern housing, a mixed-use community, or a landmark destination in a sought-after area. The asking price is $500,000, with key financial details such as cash flow, EBITDA, gross revenue, inventory, FF&E, and real estate status listed as 'Not Disclosed'. The business was established in 1995, based on its 30 years of operation. Contact Kyle Seyboth from Century 21 The Seyboth Team for more information.