Property summary
The property is a nightclub venue in Providence located in a commercial zone with no residential neighbors, positioned near and bordered by I-95. The building is approximately 26 years old, with multiple infrastructure components replaced over time, and features five separate methods of ingress/egress along with handicap ramps on both sides. It is fully sprinklered and includes outdoor electric receptacles around the building supplied by 20-amp circuits, with an outdoor system capable of powering up to ten subwoofers. The site provides approximately 150 potential street parking spaces and additional off-site parking at a nearby community center after 7:30 pm, and the rear of the property has a new asphalt surface. Operationally, the venue holds a 2:00 a.m. liquor license and a food service license and includes a functioning commercial kitchen. The interior configuration includes 14-foot ceilings with approximately 12-foot clear height to the underside of HVAC ductwork and the rail system, two outdoor bars, and restrooms comprising two men’s and two women’s bathrooms with a total of four urinals and six toilets. The building is equipped with a fire alarm connected to a central station and includes a coat room sized for approximately 150 coats.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The M-2 General Industrial District is intended to provide areas for moderate and heavy intensity industrial uses, especially for those uses that are potentially hazardous, noxious, or incompatible with the uses in other…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Providence market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
M-2 · Providence, RIThe M-2 General Industrial District is intended to provide areas for moderate and heavy intensity industrial uses, especially for those uses that are potentially hazardous, noxious, or incompatible with the uses in other…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The M-2 General Industrial District is intended to provide areas for moderate and heavy intensity industrial uses, especially for those uses that are potentially hazardous, noxious, or incompatible with the uses in other…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M-2 in Providence, RI.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
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- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning