123 Dorrance ST, Providence, RI 02903 – 1378291

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Kathleen Sposato

soldwithsposato@gmail.com +1(508) 523-8632

$1,200,000

Est. payment - /mo

2,033 SqFt

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UPDATED:

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

HOA Y/N No

Abv Grd Liv Area 2,033

Year Built 1897

Annual Tax Amount $10,688

Tax Year 2024

Lot Size 7,440 Sqft

Acres 0.1708

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

Rooms

Basement None

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

Tax ID 123DORRANCESTPROV

Security Features Carbon Monoxide Detector(s),Fire Alarm,Fire Sprinkler System

Acceptable Financing Lease, Lease Option

Listing Terms Lease, Lease Option

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Listed by Coastline Realty LLC

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Kathleen Sposato

+1(508) 523-8632

Broker | License ID: 9084437

Broker License ID: 9084437

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123 Dorrance ST Providence, RI 02903

Kathleen Sposato

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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123 Dorrance ST