Restaurant Condo with Pizza
For Sale
$300,000
65 Weybosset Street, Providence, RI 02903
Commercial/Business,Commercial Sale, Providence, RI
Property Size900 SF
Lot Size0.48 Acres
Price / SF$333.33
Days on Market63
Property Features for 65 Weybosset Street
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Downtown
Standard status
Active
Lot size
0.48 Acres
Taxes and HOA fees
Tax Year
2025
Amenities
basement storage
Building Details
Year built
1829
Listing Agency:
Century 21 Limitless · Century 21 Real Estate
(508) 567-3468
Listed By:
Kyle Seyboth · License #REB.0019335
(508) 726-3492
Added: Aug 12
Changed: Aug 19
Last Checked: Oct 13 at 11:06AM
MLS# 1420441
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This restaurant condominium at 65 Weybosset Street comprises the combined Units 116 and 117, totaling 900 square feet with an accompanying basement for storage. The interior includes contemporary detailing, stone finishes, and equipment conveyed with the sale, including a pizza oven. The property is part of a building constructed in 1829.
The location places the space in Downtown Providence near Providence Place, the Providence Riverwalk, Brown University, RISD, Johnson & Wales, the Convention Center, Amica Mutual Pavilion, and PPAC. Surrounding downtown amenities include restaurants, cafés, nightlife, shopping, arts, and entertainment. Access to I-95, I-195, Route 6, Route 10, RIPTA, major healthcare facilities, and T.F. Green Airport is also identified.
The location places the space in Downtown Providence near Providence Place, the Providence Riverwalk, Brown University, RISD, Johnson & Wales, the Convention Center, Amica Mutual Pavilion, and PPAC. Surrounding downtown amenities include restaurants, cafés, nightlife, shopping, arts, and entertainment. Access to I-95, I-195, Route 6, Route 10, RIPTA, major healthcare facilities, and T.F. Green Airport is also identified.
Key Highlights
- 900‑square‑foot restaurant condominium with basement storage
- Combined Units 116 and 117
- Included restaurant equipment, including a pizza oven
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,974
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,480
$319.5K
Cap Rate 7%
$228,200
$228.2K
Cap Rate 9%
$177,489
$177.5K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$22.1K $24.60/SF
− Vacancy
−$841 −$0.93/SF
EGI
$21.3K $23.67/SF
− OpEx
−$5.3K −$5.92/SF
NOI
$16.0K $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%
$319,480
Cap Rate 7%
$228,200
Cap Rate 9%
$177,489
Alternative Uses
Best Use
Specialty Retail
$228.2K
$199.7K – $266.2K
NOI $15,974 @ 7.0% cap · market cap 5.32%
Second Best
Retail
$191.4K
$167.5K – $223.3K
NOI $13,399 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$301.1K
$263.5K – $351.3K
NOI $21,077 @ 7.0% cap · market cap 7.03%
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
5,769
Businesses Nearby
29k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Hotels & Casinos 34%
Dining 7%
Marathon
Shops & Services
8,137 visits/mo
0.5 miles
Residence Inn Providence Downtown
Hotels & Casinos
6,054 visits/mo
0.4 miles
Bank of America
Shops & Services
4,543 visits/mo
0.2 miles
Homewood Suites by Hilton Providence Downtown
Hotels & Casinos
3,707 visits/mo
0.3 miles
BayCoast Bank
Shops & Services
2,442 visits/mo
0.1 miles
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 Retail in Providence, RI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Combined Units 116 and 117 offer a finished restaurant setting with included equipment and basement storage.
Where is this conventional restaurant located?
The property is located at 65 Weybosset Street Providence, RI.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 900‑square‑foot restaurant condominium with basement storage; Combined Units 116 and 117; Included restaurant equipment, including a pizza oven
