Downtown Retail Condo For
65 Weybosset Street #104 Providence, RI 02903
For Sale
$175,000
Commercial condo in downtown location, ready for retail ventures.
Property Size450 SF
Price / SF$388.89
Days on Market179
Property Features for 65 Weybosset Street #104
General Information
Standard status
Active
Size
450 SF
Property subtype
Commercial
Building Details
Year Built
1829
Listing Agency:
Century 21 Limitless
(508) 726-3492
Listed By:
Kyle Seyboth · License #32535
(508) 726-3492
Source:
Liongatere
Added: Jan 29
Changed: Jul 10
Last Checked: Jul 24 at 4:47PM
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 Century 21 Limitless
Investment Insights
Based on property information with market context.
A commercial condo unit is available for sale in a downtown location. The unit offers 450 square feet of space and includes a basement for storage. The location benefits from high foot traffic. The unit is vacant and suitable for various retail ventures, offering potential for numerous business types. The unit may be sold separately or as a package with other units.
Key Highlights
- Prime downtown location with high foot traffic
- Vacant and ready for immediate occupancy
- 450 square feet of space
Financial Insights For 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 | $10.0k | $22.20 |
| − Vacancy | −$420 | −$0.93 |
| EGI | $9.6k | $21.27 |
| − OpEx | −$2.9k | −$6.38 |
| NOI | $6.7k | $14.89 |
450 SF · lease $22.20/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$95.7K
$83.7K – $111.7K
NOI $6,699 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$150.5K
$131.7K – $175.6K
NOI $10,538 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Commercial condo in downtown location, ready for retail ventures.
Where is this retail space located?
The property is located at 65 Weybosset Street #104 Providence, RI.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Prime downtown location with high foot traffic; Vacant and ready for immediate occupancy; 450 square feet of space
