Established Bar and Cafe
65 Weybosset Street 118-119, Providence, RI 02903
For Sale
Contact for pricing
Thriving business with liquor license in a vibrant downtown location.
Property Size900 SF
Price / SF$377.78
Days on Market285
Property Features for 65 Weybosset Street 118-119
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Listing Agency:
Century 21 The Seyboth Team
Listed By:
Kyle Seyboth
(508) 726-3492
Source:
Crexi
Added: Jan 30
Changed: Aug 23
Last Checked: Aug 25 at 3:56AM
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 The Seyboth Team
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is an opportunity to acquire an established business operating within a 900-square-foot condominium unit, which includes a basement for storage. The sale encompasses a business with a liquor license, permitting operation until 1 AM. The property is located in a downtown area characterized by high foot traffic. The interior features a bar with wood detailing. All equipment is included in the sale. The business, known as Coco's Cafe and Bar, occupies units 118 and 119. The property can also be purchased as a package with units 116-117 and 104.
Key Highlights
- Thriving business with coveted liquor license included, allowing operation until 1 AM.
- Prime downtown location with abundant foot traffic.
- Includes a 900 sq ft condo unit with basement for additional storage.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,974
Cap Rate
4.70%
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 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$301.1K
$263.5K – $351.3K
NOI $21,077 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,769
Businesses Nearby
29k
Monthly Visits Nearby
Well-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
$365,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Bars & Pubs in Providence County, RI
Properties on Market for Bars & Pubs in Providence County
Vacancy Rate% for Retail in Providence, RI
Similar Off Market Nearby
- Dancing Cats Bar — 41 Central St, Providence, RI 02907
- La Sonrisa Restaurant — 320 Broad St, Providence, RI 02907
- Ibiza Lounge — Summer St, Providence, RI 02903
- Tiny Bar — 377 Richmond St, Providence, RI 02903
- Kimi's — 373 Washington St, Providence, RI 02903
Frequently Asked Questions
What type of property is this?
Bar & Pub - Thriving business with liquor license in a vibrant downtown location.
Where is this bar & pub located?
The property is located at 65 Weybosset Street 118-119 Providence, RI.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Thriving business with coveted liquor license included, allowing operation until 1 AM.; Prime downtown location with abundant foot traffic.; Includes a 900 sq ft condo unit with basement for additional storage.
