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    65 Weybosset St Providence, RI 02903

    Sponsored
    For Lease
    $27 SF/Yr ($2,948 /Mo)

    Historic Arcade, 1,278 SF, Prime Location

    Lot size:
    1,278 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail or restaurant space, totaling 1,278 square feet, is located within the historic Arcade, the first enclosed shopping mall in the United States, a National Historic Landmark built in 1828. Situated at 65 Weybosset Street in Providence, Rhode Island (zip code 02903), this newly renovated space is currently configured for fast-casual food service and is in excellent, turnkey condition. The property includes three units (parcel numbers 20-130-023, 123, 122) and offers a 412-square-foot semi-finished basement storage area. The space benefits from built-in traffic from residential units above and high pedestrian traffic from surrounding businesses in Providence's financial center. The property features 200 amps of power and is zoned D-1-300. The lot size is 20,530 square feet, and the building has one structure with no on-site parking. The minimum divisible space is 412 square feet, with a maximum contiguous space of 1,278 square feet. The entire 1,278 square feet is currently vacant and available for sale or lease. This is a truly unique opportunity to own or lease a piece of American history in a vibrant downtown location.

    Property Features for 65 Weybosset St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,278 SF
    Total Rate
    2948.99

    Building Details

    Year Built
    1828
    Buildings
    1

    Unit(s) available at that property

    Space
    Unit 122 & 123 & 023
    Size
    1,278 SF
    Rate per SF
    $27
    Space
    Available Space 1
    Size
    440 SF
    Rate per SF
    $27
    Space
    Available Space 2
    Size
    426 SF
    Rate per SF
    $27
    Space
    Available Space 3
    Size
    412 SF
    Rate per SF
    $27

    HighLights

    • Lease expiration: January 7, 2025
    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
    -71.4104059
    Latitude
    41.823928

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    FAQs

    What type of property is this?
    Restaurant - Historic Arcade, 1,278 SF, Prime Location
    Where is this restaurant located?
    The property is located at 65 Weybosset St Providence, RI.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: Lease expiration: January 7, 2025; ;
    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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