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    65 Weybosset St Providence, RI 02903

    Sponsored
    For Sale
    $325,000

    Established Business, Liquor License Included

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional opportunity presents a thriving bar and restaurant for sale in the heart of Providence, Rhode Island. Located at 65 Weybosset Street, this 900-square-foot establishment, encompassing units 118 and 119, operates under the name Coco's Cafe and Bar. The sale includes all equipment and a coveted liquor license, allowing for late-night operation until 1 AM. Built in 1829, the property boasts a charming aesthetic, highlighted by an exquisite bar with stunning wood detailing. The business benefits from a prime location with high foot traffic in a vibrant downtown area, ensuring a steady stream of customers. The sale also includes a basement providing ample storage space. This property sits on a substantial 21,116-square-foot lot. This turnkey operation presents a lucrative investment opportunity. Note that this property can be purchased as part of a larger package including units 116-117 and 104 (see MLS listings 1358265 and 1358232 for details). Don't miss this chance to own a piece of Providence's bustling urban scene. The asking price is $325,000.

    Property Features for 65 Weybosset St

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1829
    Buildings
    1

    HighLights

    • $325,000 asking price.
    • Prime downtown Providence, RI location at 65 Weybosset St., 02903.
    • 900 sq ft retail space, including basement storage.
    • Established bar and restaurant business, Coco's Cafe and Bar (units 118 & 119), with liquor license (open until 1 AM).
    • Includes all equipment; 21,116 sq ft lot; built in 1829.
    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?
    Restaurant - Established Business, Liquor License Included
    Where is this restaurant located?
    The property is located at 65 Weybosset St Providence, RI.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: $325,000 asking price.; Prime downtown Providence, RI location at 65 Weybosset St., 02903.; 900 sq ft retail space, including basement storage.
    Request Owner's contact information
    65 Weybosset St 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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