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123 Dorrance Street

Providence, RI 02903
  • $1,200,000
  • STATUS: Active
  • ON SITE: 37 Days
  • MLS #: 1378291
Price Reduced
UPDATED: 44 min ago
$1,200,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,033
    SQFT
  • $590
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1897
County:
Area:

School Ratings & Info

Description

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.

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[Rhode Island Statewide MLS] logo

© 2025 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Quinn Group at RE/MAX RESULTS are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Quinn Group at RE/MAX RESULTS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-03-27T22:37:39.233.
www.weknowrhodeisland.com/homes/160613971
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123 Dorrance Street Providence, RI 02903

  • Price: $1,200,000
  • Status: Active
  • On Site: 37 Days
  • Updated: 44 min ago
  • MLS #: 1378291
0
Beds
0
Baths
0
½ Baths
0.17
Acres
2,033
SQFT
$590
$/SQFT
1897
Built
Neighborhood:
Downtown
County:
Providence
Area:
Providence
Property Description
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.
Exterior Features

Construction Materials Brick Parking Total 0

Interior Features

Basement None Basement YN No Building Features Elevator(s) Cooling Central Air Cooling YN Yes

Property Features

Association Fee 910.38 Association Fee Frequency Monthly Business Type Food & Beverage Community Features High Traffic Location Electric 200+ Amp Service Human Modified YN No Land Lease YN No Lease Considered YN Yes Listing Terms Lease Lease Option New Construction YN No Owner Pays None Possible Use Commercial Office Retail Property Sub Type Commercial Security Features Carbon Monoxide Detector(s) Fire Alarm Fire Sprinkler System Sewer Public Sewer Tax Annual Amount 10688 Tax Assessed Value 304500 Tax Lot 261 Tax Year 2024 Tenant Pays All Utilities Zoning R1-75

[Rhode Island Statewide MLS] logo Listing information © 2025 State-Wide Multiple Listing Service.
Listing provided courtesy of Coastline Realty LLC: .



[Rhode Island Statewide MLS] logo

© 2025 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Quinn Group at RE/MAX RESULTS are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Quinn Group at RE/MAX RESULTS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-03-27T22:37:39.233.
 
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The Quinn Group at RE/MAX RESULTS
922 Oaklawn Ave
Cranston RI, 02920