Property profile

65 Weybosset St Providence, RI 02903

OFF-MARKET
Retail properties & Spaces
1,278 SF 0.47 ac lot Built 1828
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Year built 1828
Total area 1,278 SF
Lot 0.47 ac (20,473 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
  • Marketing & Advertising
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store Florist
  • Marketing & Advertising Advertising Agency
  • Bar & Pub

Location

65 Weybosset St Providence, RI 02903
Providence metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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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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