Property profile

130 Westminster St Providence, RI 02903

OFF-MARKET
Retail properties & Spaces
850 SF
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Property summary

AI-generated overview

This 850-square-foot restaurant located at 130 Westminster Street in Providence, Rhode Island, is offered for sale at $345,000 ($405.88/sq ft). The property is a fully built-out and recently updated turnkey coffee shop/café with a valuable existing full liquor license. Situated within the Arcade Providence, this exceptional opportunity benefits from significant foot traffic generated by the bustling downtown area. Further enhancing its appeal are 48 residential units located on the second and third floors of the building, providing a built-in customer base. The space includes additional storage in a lower-level area, offering convenient and ample storage solutions. Access is available both from within the Arcade and directly from the exterior, providing flexibility and convenience for customers. This established business boasts existing clientele, presenting a unique chance for an owner-operator to step in and capitalize on a thriving operation and grow an already successful venture. The property's zip code is 02903, and it's situated in Providence County.

Property profile

Verified
Property type Retail properties & Spaces
Total area 850 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

130 Westminster St Providence, RI 02903
Providence metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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