Restaurant-Brewery Retail
For Sale
Contact for pricing
36 Exchange Terrace Lower Level, Providence, RI 02903
Restaurant and brewery improvements include furniture, fixtures, and equipment.
Property Size4,900 SF
Price / SF$275.51
Days on Market142
Property Features for 36 Exchange Terrace Lower Level
General Information
Standard status
Active
Size
4,900 SF
Class
C
Property subtype
Retail
Zoning
D-1-100
Additional Details
Furnished
Yes
Highway Access
Yes
Equipment Included
Yes
Amenities
signage exposure
Building Details
Year Built
1900
Stories
3
Units
3
Tenancy
Multi
Listing Agency:
Sweeney Real Estate
Listed By:
Thomas Sweeney · License #RI
(401) 331-9300
Source:
Crexi
Added: May 27
Changed: Oct 8
Last Checked: Oct 14 at 8:01PM
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 Sweeney Real Estate
Investment Insights
Based on property information with market context.
This 4,900-square-foot retail condominium in downtown Providence features an existing restaurant and brewery build-out. Furniture, fixtures, and equipment are included, supporting a ready-to-use hospitality configuration without requiring a separate FF&E package.
The property is located at 36 Exchange Ter with signage exposure along Exchange Terrace. Access to and from I-95 is nearby, and the site is walkable to the Amtrak/MBTA station. Track 15, Courtyard Marriott, and Providence Place Mall are identified as neighboring properties.
The property is located at 36 Exchange Ter with signage exposure along Exchange Terrace. Access to and from I-95 is nearby, and the site is walkable to the Amtrak/MBTA station. Track 15, Courtyard Marriott, and Providence Place Mall are identified as neighboring properties.
Key Highlights
- 4,900 SF retail condominium with restaurant and brewery build‑out
- Furniture, fixtures, and equipment included
- Signage exposure along Exchange Terrace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,970
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,739,400
$1.7M
Cap Rate 7%
$1,242,429
$1.2M
Cap Rate 9%
$966,333
$966.3K
Market Conditions
NOI Build-Up for 4,900 SF
Gross rent
$120.5K $24.60/SF
− Vacancy
−$4.6K −$0.93/SF
EGI
$116.0K $23.67/SF
− OpEx
−$29.0K −$5.92/SF
NOI
$87.0K $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 Rate 5%
$1,739,400
Cap Rate 7%
$1,242,429
Cap Rate 9%
$966,333
Alternative Uses
Best Use
Specialty Retail
$1.24M
$1.09M – $1.45M
NOI $86,970 @ 7.0% cap · market cap 6.44%
Second Best
Retail
$1.04M
$911.9K – $1.22M
NOI $72,948 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,752 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,462
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02903, RI
13,264
Population
6,588
Households
2
Avg Household Size
33
Median Age
53%
College-Educated
89%
High-School Grad
1.7 sq mi
ZIP Area
7,802
Density / Sq Mi
$62,987
Median Household Income
$40,294
Median Earnings
$1,640
Median Rent
$365,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Providence, RI
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant and brewery improvements include furniture, fixtures, and equipment.
Where is this conventional restaurant located?
The property is located at 36 Exchange Terrace Lower Level Providence, RI.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 4,900 SF retail condominium with restaurant and brewery build‑out; Furniture, fixtures, and equipment included; Signage exposure along Exchange Terrace
