165-167 Poe St - Freestanding FOR SALE


Providence, RI 02905- Lower South Providence
$1,250,000 USD
401-480-8990
165-167 Poe St, Providence, RI for Sale
$1,250,000 USD
Freestanding - FOR SALE
1/21
null | Request Cap Rate

NEW


165-167 Poe St
Providence, RI 02905
Lower South Providence


HIGHLIGHTS

  • Many means of egress
  • Functional kitchen
  • Sprinklered
  • 338 Person Occupancy

OVERVIEW

Fully functional, fully equipped and fully booked nightclub in Providence. Popular and profitable, this club generates great revenue only being open Friday and Saturday nights. The perfect location for a nightclub. Bordered by I-95 and in a completely commercial zone. No neighbors to annoy with loud music or revelers. The owner here has a 26 year history and not one violation on record. The building itself in only 26yrs young and much of its infrastructure has been replaced over the years. The business and all FF&E are included in the asking price. Seller is willing to stay on for a time after the sale to assist in the transfer of bookings & relationships. See attachments for more complete info & FF&E lists. Other property highlights include: Five methods of separate ingress/ egress plus handicap ramps on both sides of building making them independently usable for separate parties. Fully sprinklered. Outdoor electric receptacles surrounding the building with 20 amp circuits for each. In total the outdoor system is able to handle ten subwoofers if needed. ~150 potential street parking spots plus another ~80 spots available at the community center nearby after 7:30pm. New asphalt in rear. 2am liquor license. Food service license and functioning kitchen. 2 outdoor bars. 4 urinals and 6 toilets across 2 men's and 2 women's bathrooms. Fire alarm connected to central station. 14' ceilings and 12' clear to the bottom of HVAC ductwork and rail system. Coat room for 150 coats.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$256 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Manufacturing, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Oxford St

LAND ACRES

0.23 AC

LAND SF

9,927 SF

ZONING

M2

APN/PARCEL ID

PROV-470808-000000-000000

ASK ABOUT THIS PROPERTY

Pete DufresneKeller Williams - Spectrum RE Consultants TeamMore Info
401-480-8990

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Pete DufresneKeller Williams - Spectrum RE Consultants TeamMore Info
401-480-8990

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.