119 Mathewson StProvidence, RI 02903

This exceptional 7,144 square foot property, the Rialto Theater, presents a unique investment opportunity in Providence, Rhode Island's vibrant arts district. Built in 1829 and extensively renovated in 1906 and 1919, this historic vaudeville theater boasts a rich legacy as a performing arts space. Currently vacant, the building offers significant potential for redevelopment. The main theater retains its original stadium-style seating, while the adaptable second floor, featuring a balcony and non-load-bearing walls, allows for expansion and increased capacity, potentially reaching 300-500 people. Adding balcony seating along the sidewalls could create additional "box seating." The property sits on a 9,107 square foot lot and includes a 27-car parking lot generating steady income, which is potentially separable from the sale. Zoned D-1-120, this versatile building is suitable for various uses, including educational purposes, and offers a compelling blend of historical charm and modern development possibilities. The asking price is $1,850,000, translating to $258.96 per square foot. This is a rare chance to acquire a piece of Providence's history and shape its future.