Fully Equipped Nightclub with
For Sale
$1,250,000
167 Poe St Providence, Providence, RI 02905
Fully functional nightclub offered with complete FF&E, operating Friday and Saturday nights in a commercial setting.
Property Size4,878 SF
Price / SF$256.25
Days on Market211
Property Features for 167 Poe St Providence
General Information
Standard status
Active
Size
4,878 SF
Zoning
M2
Additional Details
Business Included
Yes
Highway Access
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$13,718
Amenities
No HOA Fees
Building Details
Building Size
4,878 SF
Year Built
1999
Listing Agency:
Keller Williams Realty Leading Edge
(508) 643-8166
Listed By:
Amanda Lucido Hodges
(508) 643-8166
Source:
Bournetosellrealestate
Added: Jan 27
Changed: Aug 8
Last Checked: Aug 26 at 7:01AM
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 Keller Williams Realty Leading Edge
Investment Insights
Based on property information with market context.
This for-sale nightclub is fully functional and fully equipped, with the business and all FF&E included. The operation is set up to run on Friday and Saturday nights. The building is described as relatively new at about 26 years, with infrastructure updates completed over time.
The property is located in Providence at 167 Poe St, set in a completely commercial zone and bordered by I-95. The venue is designed for flexible access, with five methods of separate ingress/egress and handicap ramps on both sides of the building. The club is fully sprinklered, and exterior electric receptacles surround the building with 20-amp circuits for each.
This offering is best suited for a buyer looking to acquire a ready-to-operate entertainment concept rather than build-out from scratch. The seller also indicates willingness to stay on after the sale for a period to support the transfer of bookings and relationships. The listing references a long operating history, with no violations noted on record, and includes attachments with additional details and FF&E lists.
The property is located in Providence at 167 Poe St, set in a completely commercial zone and bordered by I-95. The venue is designed for flexible access, with five methods of separate ingress/egress and handicap ramps on both sides of the building. The club is fully sprinklered, and exterior electric receptacles surround the building with 20-amp circuits for each.
This offering is best suited for a buyer looking to acquire a ready-to-operate entertainment concept rather than build-out from scratch. The seller also indicates willingness to stay on after the sale for a period to support the transfer of bookings and relationships. The listing references a long operating history, with no violations noted on record, and includes attachments with additional details and FF&E lists.
Key Highlights
- Nightclub in Providence built in 1999 and fully equipped with complete FF&E included in the asking price
- Operates Friday and Saturday nights and is described as fully booked and fully functional
- Fully sprinklered building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$86,579
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,731,580
$1.7M
Cap Rate 7%
$1,236,843
$1.2M
Cap Rate 9%
$961,989
$962.0K
Market Conditions
NOI Build-Up for 4,878 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$120.0K $24.60/SF
− Vacancy
−$4.6K −$0.93/SF
EGI
$115.4K $23.67/SF
− OpEx
−$28.9K −$5.92/SF
NOI
$86.6K $17.75/SF
Area
Providence, RI
Vacancy
3.80%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,731,580
Cap Rate 7%
$1,236,843
Cap Rate 9%
$961,989
Alternative Uses
Best Use
Specialty Retail
$1.24M
$1.08M – $1.44M
NOI $86,579 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,237 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,753
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02905, RI
26,334
Population
10,361
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
77%
High-School Grad
3.7 sq mi
ZIP Area
7,117
Density / Sq Mi
$57,126
Median Household Income
$36,799
Median Earnings
$1,103
Median Rent
$322,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Night club - Fully functional nightclub offered with complete FF&E, operating Friday and Saturday nights in a commercial setting.
Where is this night club located?
The property is located at 167 Poe St Providence Providence, RI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Nightclub in Providence built in 1999 and fully equipped with complete FF&E included in the asking price; Operates Friday and Saturday nights and is described as fully booked and fully functional; Fully sprinklered building
