Property profile

167 Poe St Providence Providence, RI 02905

FOR SALE
Showrooms
Property ID
US76-0088747
4,878 SF 0.14 ac lot Built 1999
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1999
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,878 SF
Lot 0.14 ac (6,008 SF)
Zoning code M-2
APN PROV M:47 L:412
UPID US76-0088747

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

167 Poe St, Unit Providence Providence, RI 02905
Providence metro Census 600 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

Zoning & alternative use

M-2 · Providence, RI
Zoning description

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…

General category INDUSTRIAL

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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