Listing Agency: Sweeney Real Estate &Appraisal Show Phone

Listed By: Thomas O Sweeney Show Phone

Source: Moodyscre

Added: Jun 25, 2019 Changed: Jul 10 Last Checked: Jul 21 at 5:28AM

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Investment Insights

Based on property information with market context.

This 3/4 acre of land is available for lease in downtown Providence. The site is currently used as a parking lot and is located between the Garrahy Family Court and Johnson & Wales City Campus. It has frontage on Friendship Street, Pine Street, Eddy Street, and Garnet Street. The property offers quick access to major highways and is close to all downtown amenities. The land is primed for development.

Key Highlights

• Prime downtown Providence location between Garrahy Family Court and Johnson & Wales City Campus.
• Large 3/4 acre lot suitable for development.
• Currently used as a parking lot, providing immediate income potential.

Property Analytics

Property Profile

Current Use

Benefit Plans Insurance ... Insurance Agency 100 Pine St ... Parking Lot & Garage

Suggested Use

Top Pick Building Supply Auto Parts Store Auto Repair Shop Big Box & Wholesale Store Storage Facility Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

6,084

Businesses Nearby

89k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 44% Groceries 39% Hotels & Casinos 11% Home Improvements & Furnishings 3%

Trader Joe's Groceries

35,185 visits/mo 0.5 miles

Shell Shops & Services

20,299 visits/mo 0.5 miles

Marathon Shops & Services

8,137 visits/mo 0.3 miles

Residence Inn Providence Downtown Hotels & Casinos

6,054 visits/mo 0.4 miles

Bank of America Shops & Services

4,543 visits/mo 0.3 miles

Market

Properties on Market for Land in Providence

Feb

Mar

Apr

May

Jun

Jul

Vacancy Rate% for Retail in Providence, RI

8.5% 2019

8.8% 2020

7.9% 2021

6.2% 2022

6% 2023

5% 2024

6.7% 2025

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Frequently Asked Questions

What type of property is this?

Land - Land for lease in downtown Providence near amenities.

Where is this land located?

The property is located at 100 Pine St Providence, RI.

What are key features of this property?

This property features: Prime downtown Providence location between Garrahy Family Court and Johnson & Wales City Campus.; Large 3/4 acre lot suitable for development.; Currently used as a parking lot, providing immediate income potential.