Three-Story Office Building For Sale

999 South Broadway, East Providence, RI 02914

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For Sale

$2,000,000

Versatile office building with established tenants and convenient location.

Type:Commercial

Property size:

11,385 SF

Price / SF:

$175/SF

HighLights

Excellent location: Minutes from Route 95 and downtown Providence, 45 minutes from Boston.
Ample onsite parking and additional parking across the street.
Established tenant on the third floor (advertising agency) provides immediate income.
Second floor available under a lease‑back agreement with the building owner's medical practice, offering potential income and stability.
First floor (3,795 sq. ft.) features a bank vault, drive‑up lanes, and teller windows, adaptable for various uses.
11,385 sq. ft. three‑story brick office building with a passenger elevator.

We can help!

Listing Contact

The Saccoccio Group

Learn more

For Sale

$2,000,000

Versatile office building with established tenants and convenient location.

Type:Commercial

Property size:

11,385 SF

Price / SF:

$175/SF

Added:: Apr 25, 2025
Days on Market:: 413
Last Refresh:: Apr 25 at 6:31 am

Property Features for 999 South Broadway

General Information

Standard status: Active
Size: 11,385 SF
Property subtype: Commercial

Building Details

Year Built: 1980

We can help!

Listing Contact

The Saccoccio Group

Listing agent The Saccoccio Group License #BK3153120

Listing office Coldwell Banker Realty

Listing date Apr 25, 2025

Source Liongatere

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty

HighLights

Excellent location: Minutes from Route 95 and downtown Providence, 45 minutes from Boston.
Ample onsite parking and additional parking across the street.
Established tenant on the third floor (advertising agency) provides immediate income.
Second floor available under a lease‑back agreement with the building owner's medical practice, offering potential income and stability.
First floor (3,795 sq. ft.) features a bank vault, drive‑up lanes, and teller windows, adaptable for various uses.
11,385 sq. ft. three‑story brick office building with a passenger elevator.

Overview

This three-story brick office building offers 11,385 square feet of space and is serviced by a passenger elevator. Originally constructed as a credit union headquarters, the building provides versatile spaces across its three floors. The first floor, comprising 3,795 square feet, is currently vacant and formerly housed a credit union branch. It features a bank vault, drive-up lanes, and teller windows, making it adaptable for various uses. The second floor, also 3,795 square feet, is currently occupied by the building owner, who operates a medical practice, and is available under a lease-back agreement with proposed terms including a three-year lease with two optional one-year extensions. The third floor, also 3,795 square feet, is currently leased by an advertising agency, ensuring an established tenant. The property features excellent visibility and ample onsite parking, with additional parking available across the street for staff and company vehicles. The building is conveniently located minutes from Route 95 and downtown Providence, and is approximately 45 minutes from Boston.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$228.2k	$20.04
− Vacancy	−$31.9k	−$2.81
EGI	$196.2k	$17.23
− OpEx	−$49.1k	−$4.31
NOI	$147.2k	$12.93

11,385 SF · lease $20.04/SF/yr · vacancy 14.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.10M

$1.84M – $2.45M (±1% cap)

NOI $147,160 @ 7.0% cap · market cap 7.36%

Second Best

Specialty Retail

$1.97M

$1.72M – $2.30M (±1% cap)

NOI $137,897 @ 7.0% cap · market cap 6.89%

Theoretical Best

Multifamily LT 5

$2.71M

$2.37M – $3.16M (±1% cap)

NOI $189,566 @ 7.0% cap · market cap 9.48%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

FedEx Drop Box Postal Service Premier Medical Group Hospital Muhammad S. Akhtar Physician Lisa Janicki Physician Dr. Holly Puleo Physician

Suggested Use

Location Insight

Map
Local Demand

City: East Providence
County: Providence
State: Rhode Island
Longitude: -71.371149
Latitude: 41.81282

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For sale
Office buildings
RI
East Providence
02914
999 South Broadway

What type of property is this?

Office building - Versatile office building with established tenants and convenient location.

Where is this office building located?

The property is located at 999 South Broadway East Providence, RI.

What is the asking price?

The asking price for this property is $2,000,000.

What are key features of this property?

This property features: Excellent location: Minutes from Route 95 and downtown Providence, 45 minutes from Boston.; Ample onsite parking and additional parking across the street.; Established tenant on the third floor (advertising agency) provides immediate income.