Price Reduced 6.98%
Price History
$1,290,000
2/17/2025
$1,200,000
3/16/2025
123 Dorrance Street, Providence, RI, 02903
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.
Status:
Active
Type:
Commercial
Units:
1
Zoning:
R1-75
Complex:
Downtown
Cooling:
Central Air
Basement:
None
Common Charge:
$910 Monthly
Acreage:
0.17
Est. Taxes:
$10,688
Assessment
$304,500
HOA Fee
$910
Permitted Use
Commercial,Office,Retail
Construction
Brick
Amenities:
High Traffic Location
Days on Market:
37
MLS #:
1378291
Community Info
School Info
Walk Score
Mass Transit
Yelp
Similar Properties
New or Coming Soon Properties
Copyright ©2025 State-Wide MLS, Inc. All rights reserved.
Listing courtesy of Coastline Realty LLC Phone: 401-400-1077