Nightclub with Upstairs
New
For Sale
$675,000
1119 North Main Street, Providence, RI 02904
The licensing package supports food service, alcohol sales, and live music performances.
Property Size3,747 SF
Price / SF$180.14
Days on Market5
Property Features for 1119 North Main Street
General Information
Standard status
Active
Size
3,747 SF
Property subtype
Commercial
Site & Location
Neighborhood
Hope
Additional Details
Business Included
Yes
Liquor License
Yes
Currently Operating
Yes
Building Details
Year Built
1900
Listing Agency:
N.E. Commercial RE Brokers
Listed By:
Robert Berle · License #REB.0019029
(843) 367-0291
Source:
Lockandkeyre
Added: Oct 28
Changed: Oct 31
Last Checked: Oct 31 at 3:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of N.E. Commercial RE Brokers
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Parlour is a 3,747-square-foot nightclub with a commercial kitchen and a three-bedroom, one-bathroom apartment above the venue. The building dates to 1900. Its license package includes Alcohol Class B and N, BX authorization for a 2:00 AM closing, and Food Holiday, with permissions for food service and live music performances.
Located on North Main Street in Providence, the property is identified as an operating nightlife venue. The upper-level apartment is part of the building’s existing configuration.
Located on North Main Street in Providence, the property is identified as an operating nightlife venue. The upper-level apartment is part of the building’s existing configuration.
Key Highlights
- 3,747‑square‑foot nightclub on North Main Street in Providence
- Three‑bedroom, one‑bathroom apartment above the venue
- Commercial kitchen in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,001
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,060,020
$1.1M
Cap Rate 7%
$757,157
$757.2K
Cap Rate 9%
$588,900
$588.9K
Market Conditions
NOI Build-Up for 3,747 SF
Gross rent
$92.2K $24.60/SF
− Vacancy
−$7.4K −$1.97/SF
EGI
$84.8K $22.63/SF
− OpEx
−$31.8K −$8.49/SF
NOI
$53.0K $14.15/SF
Area
Providence, RI
Vacancy
8.00%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,060,020
Cap Rate 7%
$757,157
Cap Rate 9%
$588,900
Alternative Uses
Best Use
Specialty Retail
$950.1K
$831.3K – $1.11M
NOI $66,505 @ 7.0% cap · market cap 9.85%
Second Best
Mixed Use
$757.2K
$662.5K – $883.4K
NOI $53,001 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,750 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,597
Businesses Nearby
138k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 27%
Apparel 4%
Home Improvements & Furnishings 1%
Ocean State Job Lot
Shops & Services
21,921 visits/mo
0.3 miles
Dollar Tree
Shops & Services
18,185 visits/mo
0.4 miles
Chili's Grill & Bar
Dining
16,493 visits/mo
0.3 miles
Dunkin' Donuts
Dining
10,952 visits/mo
0.2 miles
Cumberland Farms
Shops & Services
9,946 visits/mo
0.5 miles
Demographics for 02904, RI
31,542
Population
14,483
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
6,066
Density / Sq Mi
$64,637
Median Household Income
$47,040
Median Earnings
$1,217
Median Rent
$302,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Providence, RI
Similar Off Market Nearby
- Little Sister — 737a Hope St, Providence, RI 02906
- KG Kitchen — 771 Hope St, Providence, RI 02906
- 1070Lounge — 1070 N Main St, Providence, RI 02904
Frequently Asked Questions
What type of property is this?
Night club - The licensing package supports food service, alcohol sales, and live music performances.
Where is this night club located?
The property is located at 1119 North Main Street Providence, RI.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 3,747‑square‑foot nightclub on North Main Street in Providence; Three‑bedroom, one‑bathroom apartment above the venue; Commercial kitchen in place
