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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

65 Weybosset St Providence, RI 02903

1,278 SF 0.47 ac lot Built 1828
Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sr22 Insurance Marketing & Advertising
  • environs (Bike/Boat/Book/etc) Store
  • Lofty Designs Florist | Flower Delivery Providence RI (Bike/Boat/Book/etc) Store Florist
  • Inkwell Communications Marketing & Advertising Advertising Agency
  • Rogue Island Local Kitchen & Bar Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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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
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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