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    127 Dorrace St, Unit 7B Providence, RI 02903

    For Sale
    $349,000

    COMMERCIAL - Providence, RI

    Type:Office
    Days on Market:
    321
    Last Refresh:
    Dec 13 at 8:06 pm

    Property Features for 127 Dorrace St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Year built
    1897
    Number of units
    1
    Building materials
    Brick

    Davelen, Inc., dba RE/MAX Professionals (401) 884-6050 [email protected]

    Listing agent Jason Ferri

    Listing date Jan 27, 2025

    Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Office Condo For Sale

    Located in the heart of downtown at the corner of Dorrance Street and Pine Street, this office condo is situated in the historic and renovated Masonic Temple Building. The property is suitable for a law office or professional services. Unit 7B offers 2,279 square feet of space. Renovated in 2018, the space features modern finishes while maintaining the building's classic charm. The layout includes seven private offices, a reception area, a break room, and a conference room. Unit 7A, which is 1,310 square feet, can be combined with Unit 7B for a total of 3,589 square feet, or utilized separately.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4100579
    Latitude
    41.8221888

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    FAQs

    What type of property is this?
    Office space - Versatile office condo in historic Masonic Temple Building.
    Where is this office space located?
    The property is located at 127 Dorrace St, Unit 7B Providence, RI.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: - Prime downtown location at the corner of Dorrance Street and Pine Street.; - Option to combine Units 7A (1,310 sq. ft.) and 7B (2,279 sq. ft.) for a total of 3,589 sq. ft. or utilize separately.; - Renovated in 2018 with modern finishes.
    (401) 884-6050
    Request Owner's contact information
    127 Dorrace St, Unit 7B Providence, RI 02903
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    Providence, RI 02903
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    127 Dorrace St, Unit 7B Providence, RI 02903
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