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    65 Weybosset St Providence, RI 02903

    For Sale
    $409,000

    Historic Downtown Providence Restaurant/Retail

    Property size:
    1,278 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a newly renovated, 1,278-square-foot retail space in the iconic Arcade, Providence's first enclosed shopping mall, a National Historic Landmark since 1976. Located at 65 Weybosset Street, this property boasts three combined units (Parcel numbers 20-130-023, 123, 122) totaling 1,278 square feet, including 412 square feet of semi-finished basement storage. Built in 1828, this prime downtown location benefits from significant foot traffic generated by nearby businesses and residents within the mixed-use building. The space, previously configured for fast-casual food service, features over $180,000 in recent upgrades and is offered for sale at $409,000 with a triple net (NNN) lease available. The property is currently vacant and zoned D-1-300, situated on a 0.47-acre lot. This turnkey opportunity is ideal for a variety of retail or restaurant concepts, capitalizing on the high visibility and historical significance of this landmark building in Providence's financial center. The property's location within the bustling downtown area ensures consistent exposure to a large customer base.

    Property Features for 65 Weybosset St

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,278 SF
    Lot Size
    20,473 SF

    Building Details

    Year Built
    1828
    Buildings
    1
    Units
    3

    HighLights

    • $409,000 asking price for a vacant, 1,278 square foot retail property.
    • NNN lease type available.
    • Three units totaling 1,278 square feet, including 412 square feet of semi‑finished basement storage.
    • Located at 65 Weybosset Street, Providence, RI 02903, in the historic Arcade building (APN: 20‑130‑023, 123, 122).
    • 0.47‑acre lot, built in 1828, with D‑1‑300 zoning.
    • Recently renovated with over $180,000 in upgrades, ideal for fast‑casual food service.
    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?
    Individual retail property - Historic Downtown Providence Restaurant/Retail
    Where is this individual 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 $409,000.
    What are key features of this property?
    This property features: $409,000 asking price for a vacant, 1,278 square foot retail property.; NNN lease type available.; Three units totaling 1,278 square feet, including 412 square feet of semi-finished 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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