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Rialto Theatre 119-127 Mathewson St 12,050 SF 100% Leased Retail Building Providence, RI 02903 $1,850,000 ($153.53/SF)
INVESTMENT HIGHLIGHTS
- Historic Rialto Theatre in downtown Providence
- Flexible first-floor layout for bar/foyer
- Unique adaptive reuse opportunity
- Original lobby & balcony preserved
- Ideal for live music, shows & events
EXECUTIVE SUMMARY
The historic Rialto Theatre at 119-127 Mathewson Street is a rare gem in downtown Providence. Originally built in 1829 as the Westminster Congregational Church, it later became a vaudeville and motion picture venue. Today, its preserved lobby, balcony, and open second floor offer a unique opportunity for adaptive reuse as a performance space, event venue, or entertainment hub. With flexible first-floor layouts, potential seating for 300–500 guests, and proximity to over 300 parking spaces, this property combines rich history with modern possibilities.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bar
Building Size
12,050 SF
Building Class
C
Year Built
1856
Price
$1,850,000
Price Per SF
$153.53
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
2.68
Lot Size
0.10 AC
Opportunity Zone
Yes
Zoning
D1-100
Parking
25 Spaces (2.36 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Property Manager on Site
- Signage
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (78)
Bike Score®
Very Bikeable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | PROV-250341-000000-000000 | Improvements Assessment | $261,500 |
| Land Assessment | $471,900 | Total Assessment | $733,400 |
PROPERTY TAXES
Parcel Number
PROV-250341-000000-000000
Land Assessment
$471,900
Improvements Assessment
$261,500
Total Assessment
$733,400
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Rialto Theatre | 119-127 Mathewson St
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