Adjacent Flex Office-Industrial
160 Georgia Avenue Providence Providence, RI 02905
160 Georgia Avenue Providence, Providence, RI, 02905
$1,150,000
For Sale
$1,150,000
Two adjacent office, light manufacturing, and warehouse-style buildings with flexible layouts and on-site parking.
Property Size9,572 SF
Price / SF$120.14
Days on Market45
Property Features for 160 Georgia Avenue Providence
General Information
- Standard status
- Active
- Size
- 9,572 SF
Building Details
- Year Built
- 1950
Listing Agency
(508) 501-1443
Listed by
Stephen Rose
(508) 501-1443
Source
Milestonerealtyinc
Added: Jun 4 Checked: Jul 17 at 2:40 am
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 Stephen Rose
Investment Insights
Based on property information with market context.
This offering includes two adjacent office/industrial/flex properties at 160 and 174 Georgia Avenue. The buildings are configured with adaptable floor plans intended to support a range of uses, including office, light manufacturing, warehousing, and contractor or service operations. On-site parking is available, and the properties include industrial power availability and functional clear heights to support practical day-to-day operations.
The properties are positioned in a Providence industrial corridor with convenient access to I-95, I-195, and Route 10, enabling regional connectivity throughout the Providence metro area. Suitable for businesses that need both workplace space and production, storage, or distribution flexibility, the site presents a multi-building configuration for consolidation or expansion planning.
For owner-users, the flexible layouts can accommodate a mix of office and industrial needs, whether you’re operating fabrication, service, or small manufacturing. Investors may also find the two-building setup useful for pursuing a multi-building strategy or managing separate operational spaces under one acquisition. As presented, the asset is designed to serve tenants and operators who value adaptable space, industrial power, and on-site parking within a connectivity-focused Providence location.
The properties are positioned in a Providence industrial corridor with convenient access to I-95, I-195, and Route 10, enabling regional connectivity throughout the Providence metro area. Suitable for businesses that need both workplace space and production, storage, or distribution flexibility, the site presents a multi-building configuration for consolidation or expansion planning.
For owner-users, the flexible layouts can accommodate a mix of office and industrial needs, whether you’re operating fabrication, service, or small manufacturing. Investors may also find the two-building setup useful for pursuing a multi-building strategy or managing separate operational spaces under one acquisition. As presented, the asset is designed to serve tenants and operators who value adaptable space, industrial power, and on-site parking within a connectivity-focused Providence location.
Key Highlights
- Two adjacent buildings at 160 & 174 Georgia Ave in Providence, RI 02905, built in 1950
- Flexible office/industrial/manufacturing layouts suitable for a wide range of uses
- Configured for office, light manufacturing, warehouse, flex, contractor, service, and distribution uses
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $132.1k | $13.80 |
| − Vacancy | −$7.9k | −$0.83 |
| EGI | $124.2k | $12.97 |
| − OpEx | −$18.6k | −$1.95 |
| NOI | $105.5k | $11.03 |
9,572 SF · lease $13.80/SF/yr · vacancy 6.00% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$1.84M
$1.61M – $2.14M
NOI $128,455 @ 7.0% cap · market cap 11.17%
Second Best
Warehouse
$1.51M
$1.32M – $1.76M
NOI $105,543 @ 7.0% cap · market cap 9.18%
Theoretical Best
Office A
$3.20M
$2.80M – $3.74M
NOI $224,165 @ 7.0% cap · market cap 19.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Applitek Technologies Corporation
Industrial Manufacturer
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FAQs
What type of property is this?
Flex space - Two adjacent office, light manufacturing, and warehouse-style buildings with flexible layouts and on-site parking.
Where is this flex space located?
The property is located at 160 Georgia Avenue Providence Providence, RI.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two adjacent buildings at 160 & 174 Georgia Ave in Providence, RI 02905, built in 1950; Flexible office/industrial/manufacturing layouts suitable for a wide range of uses; Configured for office, light manufacturing, warehouse, flex, contractor, service, and distribution uses
