Listed by Paolino Management, LLC
$1,500,000
Rialto Theater
Details
Property Type Special Purpose
Sub Type Sports/Entertainment, Religious/Church
Square Footage 7,144
Price per SqFt $210
Year Built 1829
Year Renovated 1906, 1919
Buildings 1
Stories 2
Lot Size (SqFt) 9,107
Zoning D-1-120
Historic Theater Rehab Property
Marketing description
The Rialto Theater Building is one of Providence's last remaining historical vaudeville theaters. Built in 1829, and then renovated into a theater space in 1906 and again in 1919, the property has a rich history as a performing arts space. While the lower levels have been dedicated to retail spaces over the past many years, the original theater space has its stadium style seating plan still intact. The second floor is wide open with a balcony and some non-loadbearing walls. If removed, this would allow for a larger layout and increased capacity potentially in the 300-500 person range. Potential to increase the balcony seating along the sidewalls of the theatre could provide “box seating.”
This building is located in the arts and entertainment district of "Downcity" Providence. It includes a 27 car parking lot which has steady income and could be removed from the sale.
Investment highlights
- Historic Theater / Performing Arts Venue
- 9,106 SF Lot with Parking Revenue
- Ability to expand Seating or Add Third Floor
- Could be used for Educational Uses As well.
Listing Contacts
Listed by Paolino Management, LLC
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