First-Floor Office Condo in
521 S Main St, Providence, RI
Call to check price and availability
Professional office condo with four offices, kitchenette, and private bathroom.
Type:OFFICE
Property size:
1,000 SFLot size:
2.02 AcresPrice / SF:
$299/SF- Added:
- Nov 24, 2025
- Days on Market:
- 187
- Last Refresh:
- May 20 at 9:10 pm
Property Features for 521 S Main St
General Information
- Standard status
- Active
- Size
- 1,000 SF
- Lot size
- 2.02 Acres
- Property subtype
- OFFICE
Listing agent Barry Thomas Alofsin License #0041106
Listing office BHHS - Commonwealth | East Greenwich (401) 886-6100
Listing date Nov 24, 2025
Source Moodyscre
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 BHHS - Commonwealth | East Greenwich
HighLights
- Unparalleled location in the center of Providence.
- First‑floor professional office condo in the iconic Corliss Landing Building.
- Built out with 4 separate offices, kitchenette, and private bathroom.
- Full glass front providing lots of natural light and street‑level exposure.
- Secure parking opportunities available for unit owners.
- Park‑like courtyard setting.
Overview
This first-floor professional office condo is located in the Corliss Landing Building. The suite features four separate offices, a kitchenette, and a private bathroom. The full glass front provides natural light and street-level exposure. The property offers a park-like courtyard setting. Located in the center of Providence, the property is surrounded by amenities. Secure parking opportunities are available for unit owners. The property contains 1000 square feet.
Local Financial Insights For Office B
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 | $27.0k | $27.00 |
| − Vacancy | −$4.2k | −$4.19 |
| EGI | $22.8k | $22.81 |
| − OpEx | −$5.7k | −$5.70 |
| NOI | $17.1k | $17.11 |
1,000 SF · lease $27.00/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$244.4K
$213.9K – $285.2K
NOI $17,111 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$334.6K
$292.7K – $390.3K
NOI $23,419 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.4096
- Latitude
- 41.8365
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Professional office condo with four offices, kitchenette, and private bathroom.
Where is this office units located?
The property is located at 521 S Main St Providence, RI.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Unparalleled location in the center of Providence.; First‑floor professional office condo in the iconic Corliss Landing Building.; **Built out with 4 separate offices, kitchenette, and private bathroom.**
