Established Bar with Liquor
65 Weybosset Street #118-119 Providence, RI 02903
65 Weybosset Street #118-119, Providence, RI, 02903
$340,000
For Sale
$340,000
Thriving bar business with liquor license in downtown location.
Property Size900 SF
Price / SF$377.78
Days on Market168
Property Features for 65 Weybosset Street #118-119
General Information
- Standard status
- Active
- Size
- 900 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1829
Listing Agency
Century 21 Limitless
(508) 726-3492
Listed by
Kyle Seyboth · License #REC.0005226
(508) 726-3492
Source
Liongatere
Added: Jan 29 Checked: Jul 16 at 11:30 am
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 is an opportunity to acquire an established business situated in a 900-square-foot condominium unit, which includes a basement suitable for storage. The sale encompasses a business with a liquor license, with operation hours extending 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 1am.
- Prime downtown location with abundant foot traffic, ensuring steady clientele.
- Includes 900 sq ft condo unit with basement for additional storage.
Local Financial Insights For Specialty 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 | $22.1k | $24.60 |
| − Vacancy | −$841 | −$0.93 |
| EGI | $21.3k | $23.67 |
| − OpEx | −$5.3k | −$5.92 |
| NOI | $16.0k | $17.75 |
900 SF · lease $24.60/SF/yr · vacancy 3.80% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sr22 Insurance
Marketing & Advertising
environs
(Bike/Boat/Book/etc) Store
Lofty Designs Florist ...
(Bike/Boat/Book/etc) Store
Inkwell Communications
Marketing & Advertising
Rogue Island Local ...
Bar & Pub
Similar For Sale Nearby
Similar Off Market Nearby
- Tiny Bar — 377 Richmond St, Providence, RI 02903
- Dancing Cats Bar — 41 Central St, Providence, RI 02907
- Kimi's — 373 Washington St, Providence, RI 02903
- Ibiza Lounge — Summer St, Providence, RI 02903
- La Sonrisa Restaurant — 320 Broad St, Providence, RI 02907
FAQs
What type of property is this?
Bar & Pub - Thriving bar business with liquor license in 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 1am.; Prime downtown location with abundant foot traffic, ensuring steady clientele.; Includes 900 sq ft condo unit with basement for additional storage.
