Property profile

65 Weybosset St Providence, RI 02903

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

AI-generated overview

This exceptional retail or restaurant space, totaling 1,278 square feet, is located within the historic Arcade, the first enclosed shopping mall in the United States, a National Historic Landmark built in 1828. Situated at 65 Weybosset Street in Providence, Rhode Island (zip code 02903), this newly renovated space is currently configured for fast-casual food service and is in excellent, turnkey condition. The property includes three units (parcel numbers 20-130-023, 123, 122) and offers a 412-square-foot semi-finished basement storage area. The space benefits from built-in traffic from residential units above and high pedestrian traffic from surrounding businesses in Providence's financial center. The property features 200 amps of power and is zoned D-1-300. The lot size is 20,530 square feet, and the building has one structure with no on-site parking. The minimum divisible space is 412 square feet, with a maximum contiguous space of 1,278 square feet. The entire 1,278 square feet is currently vacant and available for sale or lease. This is a truly unique opportunity to own or lease a piece of American history in a vibrant downtown location.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1828
Total area 1,278 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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