167 - 165 Poe Street Providence

$1,250,000
9,927 sq ft

The Property

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.

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Listing Details

MLS Number

1403875

Lot Size:

0.23 acres

Features

  • Basement: Partial
  • Restrooms
  • Security
  • Security Lights
  • Sprinklers
  • Bus
  • Highway Access
  • Hospital
  • Interstate
  • Private School
  • Public School
  • Railroad
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Heating: Central Air, Central, Forced Air
  • Heating Fuel: Central Air, Central, Forced Air
  • Downtown
  • Free Standing
  • Urban
  • Year Built: 1999

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Market Trends for Commercial Properties
in Providence

  • Overview
    Homes for Sale Today71-90.3% decrease in inventory
    New on Market *24200% increase in new listings
    Avg. Asking Price/Sq.Ft. *$172.32$306 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$1,207,500$240,083 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *95.04%4.6% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$249.14$83 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *1282 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

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    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Keller Williams Leading Edge

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