Vacant Retail Space with
For Sale
$150,000
Pending
65 Weybosset Street #104, Providence, RI 02903
Downtown retail condominium with supplemental basement storage and immediate availability for occupancy.
Property Size450 SF
Days on Market63
Property Features for 65 Weybosset Street #104
General Information
Standard status
Pending
Size
450 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Amenities
basement storage
Building Details
Year Built
1829
Tenancy
Single
Listing Agency:
Century 21 Limitless
(508) 567-3468
Listed By:
Kyle Seyboth · License #REB.0019335
(508) 726-3492
Source:
Lockandkeyre
Added: Aug 12
Changed: Oct 13
Last Checked: Oct 12 at 8:26PM
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.
This retail condominium at 65 Weybosset #104 provides 450 square feet on the main level plus basement storage. The unit is vacant and offers a compact commercial footprint for retail or business use. Built in 1829, the property is positioned within Downtown Providence’s urban commercial environment.
The location is near the Providence River, Riverwalk, WaterFire, Providence Place, Brown University, RISD, Johnson & Wales University, the Rhode Island Convention Center, Amica Mutual Pavilion, and Providence Performing Arts Center. Access to I-95, I-195, Route 6, Route 10, RIPTA, and commuter connections is nearby. Rhode Island Hospital and Hasbro Children’s Hospital are also in the surrounding area, while T.F. Green Airport is approximately 15 minutes away.
The location is near the Providence River, Riverwalk, WaterFire, Providence Place, Brown University, RISD, Johnson & Wales University, the Rhode Island Convention Center, Amica Mutual Pavilion, and Providence Performing Arts Center. Access to I-95, I-195, Route 6, Route 10, RIPTA, and commuter connections is nearby. Rhode Island Hospital and Hasbro Children’s Hospital are also in the surrounding area, while T.F. Green Airport is approximately 15 minutes away.
Key Highlights
- 450 square feet of retail space
- Basement provides additional storage
- Vacant unit available for immediate occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,699
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$133,980
$134.0K
Cap Rate 7%
$95,700
$95.7K
Cap Rate 9%
$74,433
$74.4K
Market Conditions
NOI Build-Up for 450 SF
Gross rent
$10.0K $22.20/SF
− Vacancy
−$420 −$0.93/SF
EGI
$9.6K $21.27/SF
− OpEx
−$2.9K −$6.38/SF
NOI
$6.7K $14.89/SF
Area
Providence, RI
Vacancy
4.20%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$133,980
Cap Rate 7%
$95,700
Cap Rate 9%
$74,433
Alternative Uses
Best Use
Retail
$95.7K
$83.7K – $111.7K
NOI $6,699 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$150.5K
$131.7K – $175.6K
NOI $10,538 @ 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
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,769
Businesses Nearby
29k
Monthly Visits Nearby
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
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Market
Vacancy Rate% for Retail in Providence, RI
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Frequently Asked Questions
What type of property is this?
Retail space - Downtown retail condominium with supplemental basement storage and immediate availability for occupancy.
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 $150,000.
What are key features of this property?
This property features: 450 square feet of retail space; Basement provides additional storage; Vacant unit available for immediate occupancy
