Date
Details
Price
Change
Source
4/14/2026
Listed
$950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
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.
Full Property Details
Full Property Details for 123 Dorrance St
General
- Price: $950,000
- HOA FEE: $975/month
- Taxes: $10,688 (2024)
- Status: Active
- Type: Commercial Service
- Source: STWMLS
- MLS ID: 1410048
- Updated: 4/14/2026
- Added to Site: 4 day(s) ago
Business
- Business Type: Commercial, Food & Beverage
- Year Established: 2012
- Seating Capacity: 100
Additional Information
- Security/Safety: Carbon Monoxide Detector(s), Fire Alarm, Fire Sprinkler System
Location
- County: Providence
- Subdivision: Downtown
- Building Name: Masonic Temple Condominium
Community
- Units Assoc/Comm: 1
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
Utilities
- Sewer: Public Sewer
Structural Information
- # Buildings: 1
- Property Detached: Yes
- Detached/Attached: Detached
- Construction: Brick
- Basement Desc.: None
- Stories/Levels: 0
- Building Size: 2033
- Finished Total: 2,033 Sq. Ft.
- Finished Above Grnd: 2,033 Sq. Ft.
- Year Built: 1897
- Other Struct. Feat.: Elevator(s)
Lot Features
- Lot Size (Acres): 0.1708
- Lot Size (Sq. Ft.): 7,438
- Lot Size: 7438
- Potential Use: Commercial, Office, Retail
Financial Considerations
- Association Fee: $975
- Assoc Fee Freq.: Monthly
- Tax Amount: $10,688
- Tax Year: 2024
- Terms: Lease, Lease Option
Disclosures and Reports
- Property ID: 123DORRANCESTPROV
- Lot Number: 261
Listed by Coastline Realty LLC
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Listing agent
— 123 Dorrance St —
Coastline Realty LLC
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 123 Dorrance St
School District:Providence School District
| Name | Grades | Distance |
|---|---|---|
Vartan Gregorian El. School 455 Wickenden Street, Providence, RI 02903 | PK-5 | 0.9 mi |
Martin Luther King El. School 35 Camp Street, Providence, RI 02906 | K-5 | 1.1 mi |
Mary E. Fogarty El. School 199 Oxford Street, Providence, RI 02905 | K-5 | 1.3 mi |
Nathanael Greene Middle School 721 Chalkstone Avenue, Providence, RI 02908 | 6-8 | 1.4 mi |
Nathan Bishop Middle School 101 Sessions Street, Providence, RI 02906 | 6-8 | 1.5 mi |
Gilbert Stuart Middle School 188 Princeton Avenue, Providence, RI 02907 | 6-8 | 1.5 mi |
Classical High School, Providence, RI 770 Westminster Street, Providence, RI 02903 | 9-12 | 0.6 mi |
Central High School, Providence, RI 70 Fricker Street, Providence, RI 02903 | 9-12 | 0.7 mi |
Hope High School 324 Hope Street, Providence, RI 02906 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 123 Dorrance St
Tax History
Tax History for 123 Dorrance St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,878
-23%
$269,800
-7%
2024
$10,221
—
$291,200
—
2023
$10,221
-1%
$291,200
—
2022
$10,308
17%
$291,200
21%
2021
$8,834
—
$240,700
—
2020
$8,834
—
$240,700
—
2019
$8,834
10%
$240,700
10%
2018
$8,052
—
$219,400
—
2017
$8,052
—
$219,400
—
2016
$8,052
7%
$219,400
7%
2015
$7,548
—
$205,400
—
2014
$7,548
—
$205,400
—
2013
$7,548
—
$205,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 123 Dorrance St
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- Multi-Family
- Active
- Updated 5 days ago
- 2Units
- 5Total Beds
- 0.13Acres
Listed by Lisa Barbary (401) 533-7747
- Multi-Family
- Active
- Updated 1 day ago
- 2Units
- 5Total Beds
- 0.1Acres
- Single Family
- Active
- Updated 3 days ago
- 2Beds
- 3Total Baths
- 2,126Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 1Total Bath
- 1,232Sq. Ft.
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- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 3Total Baths
- 1,680Sq. Ft.
- Single Family
- Active
- Updated 7 days ago
- 6Beds
- 2Total Baths
- 3,000Sq. Ft.
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123 Dorrance Street, Providence, RI 02903 (MLS# 1410048) is a Commercial Service property. 123 Dorrance Street is currently listed for $950,000 and was received on April 14, 2026. Want to learn more about 123 Dorrance Street? Do you have questions about finding other Commercial Service real estate for sale in Providence? You can browse all Providence real estate or contact a Coldwell Banker agent to request more information.