Coffee Shop with Full
For Sale
$300,000
65 Weybosset Street #118-119, Providence, RI 02903
Combined commercial units include a basement, bar area, and equipment for an operating food-and-beverage business.
Property Size900 SF
Price / SF$333.33
Days on Market55
Property Features for 65 Weybosset Street #118-119
General Information
Standard status
Active
Size
900 SF
Property subtype
Commercial
Restaurant
Equipment Included
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Year Built
1829
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 4
Last Checked: Oct 4 at 10:06AM
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.
Coco's Cafe and Bar occupies a 900-square-foot condominium unit formed by the combination of Units 118 and 119. The premises include a finished bar with wood detailing, a basement for storage, and equipment conveyed with the sale. A liquor license is included, with operating hours permitted until 1 AM.
The property is situated in Downtown Providence at 65 Weybosset Street, near the Providence River, Riverwalk, WaterFire, Providence Place, Brown University, RISD, Johnson & Wales, the Rhode Island Convention Center, Amica Mutual Pavilion, and Providence Performing Arts Center. Access to I-95, I-195, Route 6, Route 10, RIPTA, major healthcare facilities, and T.F. Green Airport is also available from the area.
The property is situated in Downtown Providence at 65 Weybosset Street, near the Providence River, Riverwalk, WaterFire, Providence Place, Brown University, RISD, Johnson & Wales, the Rhode Island Convention Center, Amica Mutual Pavilion, and Providence Performing Arts Center. Access to I-95, I-195, Route 6, Route 10, RIPTA, major healthcare facilities, and T.F. Green Airport is also available from the area.
Key Highlights
- 900‑square‑foot condominium unit combining Units 118 and 119
- Basement provides additional storage space
- Bar features wood detailing; equipment is included
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
—
—
no second resolved use
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.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Liquor license
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
Vacancy Rate% for Retail in Providence, RI
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Frequently Asked Questions
What type of property is this?
Coffee shop - Combined commercial units include a basement, bar area, and equipment for an operating food-and-beverage business.
Where is this coffee shop 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 $300,000.
What are key features of this property?
This property features: 900‑square‑foot condominium unit combining Units 118 and 119; Basement provides additional storage space; Bar features wood detailing; equipment is included
