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    65 Weybosset St Providence, RI 02903

    For Sale
    $290,000

    Prime Retail Space, High Foot Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional commercial property, located at 65 Weybosset Street, Unit 116-117 in Providence, Rhode Island, presents a rare investment opportunity. Priced at $290,000, this 900 square foot condo unit offers a unique blend of historical charm and modern amenities. Built in 1829, the property sits on a substantial 21,116 square foot lot and includes a basement providing ample storage space. The unit, which combines units 116 and 117, features modern details and attractive stone finishes. All existing equipment, including a pizza oven, is included in the sale. Its prime downtown Providence location ensures high foot traffic, ideal for a variety of businesses. The property's strong potential for success is further enhanced by its vibrant surroundings and abundant clientele. This offering presents a compelling investment opportunity for savvy entrepreneurs. Note that this unit can be purchased as a package with units 118-119 (details available upon request). The property's zip code is 02903. This is a chance to own a piece of Providence's bustling urban core.

    Property Features for 65 Weybosset St

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1829
    Buildings
    1

    HighLights

    • $290,000 asking price.
    • Land and retail property in Providence, RI.
    • 21,116 square foot lot.
    • 900 square foot condo unit, including basement storage.
    • Located in a high‑traffic downtown area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sr22 Insurance Commercial Agent environs Gift Shop Lofty Designs Florist ... Florist Inkwell Communications Advertising Agency Rogue Island Local ... Bar

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.410152
    Latitude
    41.8238171

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, High Foot Traffic
    Where is this retail property located?
    The property is located at 65 Weybosset St Providence, RI.
    What is the asking price?
    The asking price for this property is $290,000.
    What are key features of this property?
    This property features: $290,000 asking price.; Land and retail property in Providence, RI.; 21,116 square foot lot.
    Request Owner's contact information
    65 Weybosset St Providence, RI 02903
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    Providence, RI 02903
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    65 Weybosset St Providence, RI 02903
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