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65 Weybosset St - The Arcade

1,278 SF Retail Unit Offered at £320,022 in Providence, RI 02903

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Investment Highlights

Daytime foot traffic and Built in traffic from residences above.
$180,000 IN UPGRADES

Historic Detail & Natural Light

Executive Summary

2 NEWLY RENOVATED COMBINED UNITS! OVER $180,000 IN UPGRADES! The "First Mall in America" now is offering 1278SF FOR SALE or LEASE includes basement storage. Currently set up for "fast casual" food service. Unit is in excellent, turn key condition in a PRIME DOWNTOWN LOCATION. BUILT IN TRAFFIC from the residences on the 2nd and 3rd floors as well as the walking/commuter traffic from other local business throughout Downtown Providence's financial center district. The Arcade is a historic shopping center at 130 Westminster Street and 65 Weybosset Street in downtown Providence, Rhode Island built in 1828. It is notable as the first enclosed shopping mall in the United States and has been lauded as a fine example of commercial Greek Revival architecture. It served as a shopping center for many years but as of October 2013 "The Arcade" has been reintroduced as a residential and commercial mixed-use building. It was declared a National Historic Landmark in 1976. Sale/lease includes 3 units (Parcel: 20-130-023, 123, 122) totaling 1,278SF (412SF is the semi-finished below grade storage area)

Property Facts

Price	£320,022	Building Class	A
Unit Size	1,278 SF	Number of Floors	1
No. Units	1	Typical Floor Size	18,000 SF
Total Building Size	18,000 SF	Year Built	1875
Property Type	Retail (Unit)	Lot Size	11.00 AC
Property Subtype	Storefront General Retail Bar General Retail Fast Food General Retail Storefront Retail/Office	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Sale Type	Investment NNN	Sale Conditions	Tenants option to buy property

Price	£320,022
Unit Size	1,278 SF
No. Units	1
Total Building Size	18,000 SF
Property Type	Retail (Unit)
Property Subtype	Storefront General Retail Bar General Retail Fast Food General Retail Storefront Retail/Office
Sale Type	Investment NNN
Building Class	A
Number of Floors	1
Typical Floor Size	18,000 SF
Year Built	1875
Lot Size	11.00 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Sale Conditions	Tenants option to buy property