123 Dorrance Street Providence, RI $ 950,000
123 Dorrance Street
$ 950,000
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123 Dorrance Street

Providence, RI, 02903
$ 950,000
Bedrooms-- Baths-- Sq 2,033

Monthly Estimate*

$ 5,849

123 Dorrance Street, Providence, RI 02903 - Image 1
123 Dorrance Street, Providence, RI 02903 - Image 2
123 Dorrance Street, Providence, RI 02903 - Image 3
123 Dorrance Street, Providence, RI 02903 - Image 4
123 Dorrance Street, Providence, RI 02903 - Image 5
123 Dorrance Street, Providence, RI 02903 - Image 6
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Commercial Property for sale in Providence, RI

for $950,000. This 2,033 square foot building was built in 1897 on a lot size of 0.1708.

Located in the heart of downtown Providence, this 2,000 sq. ft. fully equipped restaurant condo 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.

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Commercial Active

Price

$ 950,000

Property Type

Commercial

Taxes

$ 10,688

Style

Lot Size

0.1708

Year Built

1897

Town/City

Providence

County/Region

Providence

MLS | Web ID

1410048

Features
General
Sewer Public Sewer
Cooling Central Air
Possession Negotiable
Zoning R1-75
Security Features Carbon Monoxide Detector(s) Fire Alarm Fire Sprinkler System
Construction Materials Brick
Year Built 1897
Electric 200+ Amp Service
Property Subtype Commercial
Tax Year 2024
Business Type Commercial Food & Beverage
Community Features High Traffic Location
Building Name Masonic Temple Condominium
County Providence
New Construction false
Property Type Commercial Sale
Subdivision Name Downtown
Possible Use Commercial Office Retail
Building Features Elevator(s)
Status Active
City Providence
Number Of Units Total 1
Lot Size Units Square Feet
Lot Size Square Feet 7438
Number of Units Leased 1
Property Attached Y/N false
Land Lease Y/N false
Tax Annual Amount 10688
Lease Renewal Y/N true
Lease Considered Y/N true
Virtual Tour https://tour.RiLiving.com/123-Dorrance-Street-Providence-RI-02903
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 304500
Tax Lot 261
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Interior
Basement None
Total Stories 0
Basement (Y/N) false
Air Conditioning Y/N true
Total Baths 0
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Exterior
Total Parking 0
Lot Size Area 7438
Number of Buildings 1
Building Area Total 2033
Lot Size Acres 0.1708
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* Excluded Features
List By
Coastline Realty Llc

Broker

lucy@coastlinerealtyllc.com

Email

Affordability Calculator

$6,740
Per Month
87%
13%
0%
Monthly Principal & Interest
$5,849
Monthly Property Taxes
$891
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
4/14/2026$950,000 Listed Price

Map


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123 Dorrance Street, Providence, RI, 02903 is a Commercial Property for sale at $950,000 with 2,033 sqft and a lot size of 0.1708. 123 Dorrance Street was built in 1897. The property's zip code is 02903 which is in Providence, RI