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OFF-MARKET
Retail properties & Spaces

130 Westminster St Providence, RI 02903

850 SF
Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Little Shop of Soups Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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