1. Rhode Island
  2. Providence
  3. 123 Dorrance Street
$1,200,000

123 Dorrance Street, Providence, RI 02903

  • 2,033 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1897
  • Property Lot Size Icon7,440sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $590/sqft
  • Property List Date Icon Listed 3 months ago

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.

Listing Status:
Active
Date Added:
February 17, 2025 at 06:00AM
Listing Office:
Coastline Realty LLC : 401-400-1077
MLS ID:
1378291
  • Basement: None
  • A/C: Central Air

This listing courtesy of Coastline Realty LLC

Location

Schools Nearby

C

Carl G. Lauro Elementary School

99 Kenyon St, Providence, RI, 02903

Grades KG-5

0.84 miles away

T

Times2 Middle/High School

50 Fillmore St, Providence, RI, 02908

Grades 7-12

1.27 miles away

C

Classical High School

770 Westminster St, Providence, RI, 02903

Grades 9-12

0.64 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.