CCertihomes
1245 Chalkstone, Providence, RI 02908

$599,000

0 beds 0 baths Built 1940Active

About this home

Presenting the iconic DeLuise Bakery, a cherished establishment since its founding in1938. This commercial real estate gem features 3 units in a prime location zoned C-1. DeLuise Bakery has been a cornerstone of the community for over eight decades, creating a strong established legacy and loyal customer base. Positioned perfectly at the bustling intersection of Chalkstone and Mt. Pleasant, this property enjoys extremely high visibility and accessibility, making it an ideal spot for continued success. With three commercial units, the building offers versatility for various business endeavors. Whether you wish to continue the bakery tradition or explore other commercial opportunities, the layout caters to a range of possibilities. A significant advantage is the convenience of off street parking with a spacious lot behind the building. This amenity enhances customer convenience and accessibility for both employees and patrons. The sale also encompasses not only the property but also the well-established bakery business and all of the equipment. This turnkey operation allows for a seamless transition, making it an attractive proposition for entrepreneurs and investors alike. The bakery's rich history adds a unique charm to the property, providing a distinct character that resonates with the local community. This is an exceptional opportunity for those looking to invest in a piece of Providence's history while securing a prime commercial space.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.19% APR.

Your estimated payment
$6,407/mo

Real estate (PITI + HOA + PMI)
$5,472
Principal + interest$3,859
Property tax + insurance$1,388
PMI / 2nd mortgage$225
Utilities
$1,784
Heating + cooling$739
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$173
Car insurance + maintenance$173
Other (entertainment)
$140
$6,407/mo TLC
Budget$6,907/mo
Remaining after TLC$500/mo
Purchase price
$599,000
Down payment
$29,950 (5%)
Loan amount
$569,050
APR
7.19%

Quick facts

Type
Commercial Sale
Style
Year built
1940
Lot size
Stories
0
Heating
Cooling
Water
Connected, Municipal
HOA
Annual tax
$8,564
MLS #
1346991
County
Providence

At a glance

Basement

Home features

Sewer
Connected, Public Sewer

Lot features

Corner, Paved, Sidewalks, Strip Store, Urban

Neighborhood — 02908

MetricThis ZIPCountyUSA
Population36,7081,095,423299,088,112
Population Change Since199013.00%9.00%20.00%
Population Density11,648994
Male17,308529,266147,432,321
Female19,400566,157151,655,844
Never Married12,660266,40463,775,926
Married9,706435,678123,120,365
Separated2,57743,64212,639,686
Widowed1,88566,66815,467,586
Divorced2,48883,84323,075,029
Number Of House Hold12,803410,399111,826,380
Average House Hold Size2.582.562.60
Medial Age28.4837.2735.46
Median House Hold Income$34,818$47,553$48,276
Average House Hold Income$50,795$61,609$63,629
P C I$19,265$23,965$24,529
M D I$30,789$40,634$41,133
A T H E$43,773$49,940$50,898
S T R7.00%7.00%
W C J85.00%78.02%77.74%
(Zip) Code
2908

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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RI & State Wide MLS

Listing information last refreshed 11/21/2023. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.