123 Dorrance ST Active Save Request In-Person Tour Request Virtual Tour
Providence,RI 02903
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,033 sqft
Price per Sqft $590
Subdivision Downtown
MLS Listing ID 1378291
HOA Fees $910/mo
Year Built 1897
Annual Tax Amount $10,688
Tax Year 2024
Lot Size 7,440 Sqft
Property Sub-Type Commercial
Property Description
Located in the heart of downtown Providence, this 2,000 sq. ft. fully equipped restaurant and bar offers an exceptional turnkey investment opportunity. Boasting 80-100 seats, a full bar, and a valuable liquor license, this space is perfectly suited for a diverse range of dining concepts from upscale dining to casual eateries, lounges, or trendy gastropubs. Situated next to the courthouse, luxury residential buildings, and a thriving downtown district, this property benefits from high foot and vehicle traffic, ensuring maximum visibility and a steady stream of customers. The location's proximity to growing neighborhoods and expanding commercial developments makes it an ideal choice for entrepreneurs, restaurateurs, and investors looking for a high-income potential and long-term value. This is a rare opportunity to establish or expand a successful restaurant business in one of Providence's most vibrant areas. It also includes all equipment, liquor licenses and furniture of the restaurant.
Location
State RI
County Providence
Community Downtown
Zoning R1-75
Interior
Cooling Central Air
Exterior
Community Features High Traffic Location
Building
Building Description Brick, Elevator(s)
Sewer Public Sewer
Structure Type Brick
New Construction No
Others
Acceptable Financing Lease,Lease Option
Listing Terms Lease,Lease Option