Fully Equipped Nightclub with
167 Poe St Providence Providence, RI 02905
167 Poe St Providence, Providence, RI, 02905
$1,250,000
For Sale
$1,250,000
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 Market170
Property Features for 167 Poe St Providence
General Information
- Standard status
- Active
- Size
- 4,878 SF
Building Details
- Year Built
- 1999
Listing Agency
(508) 643-8166
Listed by
Amanda Lucido Hodges
(508) 643-8166
Source
Bournetosellrealestate
Added: Jan 27 Checked: Jul 16 at 2:10 am
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 Amanda Lucido Hodges
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
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.0k | $24.60 |
| − Vacancy | −$4.6k | −$0.93 |
| EGI | $115.4k | $23.67 |
| − OpEx | −$28.9k | −$5.92 |
| NOI | $86.6k | $17.75 |
4,878 SF · lease $24.60/SF/yr · vacancy 3.80% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Night clubs
Similar For Sale Nearby
Similar Off Market Nearby
- LUNA NIGHT CLUB — 1206 Broad St, Providence, RI 02905
- 148 Pavillion Bar & Lounge — 148 Pavilion Ave, Providence, RI 02905
- Brass Monkey — 800 Allens Ave, Providence, RI 02905
- El Principe — 1095 eddy st, providence, ri 02905
- Levels Lounge — 1137 Broad St, Providence, RI 02905
FAQs
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
