Residential Properties Is Marketing 28 Water Street - Formerly Al’s Waterfront
Friday, August 20, 2021
On Monday, GoLocal reported that one of the Providence metro area's premier waterfront restaurants is now being marketed for sale.
Formerly named Al's Waterfront Restaurant, the facility in East Providence has hit the market and the property includes a 72-slip marina.
Residential Properties is marketing the property that is on the market with an asking price of $2,795,000.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTThe building was first built in 1845 and was substantially renovated in 2014, according to marketing materials for the sale.
DESCRIPTION
Located in the center of a fast-growing neighborhood bursting with activity, this updated waterfront Restaurant/Marina commercial property provides a 12,000 square foot, two-unit building set on 1.2 acres with 56 off-street parking spaces. Its convenient location next to the historic Washington Bridge allows for scenic views of India Point Park Bridge, Bold Point, Fox Point, and beyond.
This sunny, versatile property lends itself to a host of hospitality uses, including hotels and lodging, cafes, restaurants, bars, and entertainment venues. Bold Point Harbor zoning provides the opportunity for mixed-use, commercial, office, retail, and multi-family uses. Also permitted are marinas with water transit-related services and limited support services.
Inside, the first floor welcomes you into a large open dining room featuring an inviting original wood bar and a spacious deck supported by a full kitchen. Moving upstairs, the second level affords a wealth of space and is currently designed as a full banquet facility. The third floor offers a versatile open layout for a range of purposes, including office space or condominium living, while the fourth floor features distinctive wood beams mixed with an array of sun-filled windows. Outside, the updated 72 slip Marina with a new pump-out facility to be built is perfect for an enduring active Marina and possible year-round Dockominium conversion project.
See the property video, 3D virtual tour, floor plans, and more at 28WaterStreet.com.
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