Active

123 Dorrance Street

Providence RI, 02903

$1,290,000


$634.53 per sqft

Active

2,033 sqft

Commercial

Built in 1897

Located in the heart of downtown Providence, this 2,000 sq. ft. fully equipped restaurant and bar offers an exceptional turnkey investment opportunity. Boasting 80-100 seats, a full bar, and a valuable liquor license, this space is perfectly suited for a diverse range of dining concepts from upscale dining to casual eateries, lounges, or trendy gastropubs. Situated next to the courthouse, luxury residential buildings, and a thriving downtown district, this property benefits from high foot and vehicle traffic, ensuring maximum visibility and a steady stream of customers. The location's proximity to growing neighborhoods and expanding commercial developments makes it an ideal choice for entrepreneurs, restaurateurs, and investors looking for a high-income potential and long-term value. This is a rare opportunity to establish or expand a successful restaurant business in one of Providence's most vibrant areas. It also includes all equipment, liquor licenses and furniture of the restaurant.

1378291

MLS ID

February 17, 2025

Listed

February 21, 2025

Updated

Interior Features

Total Stories

0


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

0.17 Acres


Sewer

Public Sewer


Security

Carbon Monoxide Detector(s), Fire Alarm, Fire Sprinkler System

Other Property Details

Taxes

$10,688


Tax Frequency

Annually


Days on Market

1


Association Fee

$910


Association Fee Frequency

Monthly


Garage

No


Parking Total

0


View

No


County

Providence


Pool

No


Zoning

R1-75

 

Courtesy of Coastline Realty LLC

The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS, Inc. Real estate listings held by brokerage firms other than Compass are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.

©2025 State-Wide MLS, Inc. All rights reserved.

Data last updated 7:37 PM UTC, 2/21/2025.

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