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Commercial Space in High-Traffic Area
For Lease
$14 SF/Yr

71 Richmond Street, Providence, RI 02903

3,500 sq ft commercial space in a prime location.

Space SizeContact for details
Property Size3,500 SF
Days on Market310

Property Features for 71 Richmond Street

General Information

Standard status Active
Size 3,500 SF

Building Details

Building Size 3,500 SF
Year Built 1900
Buildings 1
Stories 3
Units 1
Listing Agency: William Raveis Inspire
Listed By: Bessette Veloso Group
Source: Liongatere
Added: Oct 7, 2025 Changed: Aug 8 Last Checked: Aug 11 at 1:44PM

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 William Raveis Inspire

Investment Insights

Based on property information with market context.

This 3,500 sq ft commercial space is located on the third floor in a high-traffic area with excellent visibility and strong foot traffic. The interior features an open layout with high ceilings, exposed brick walls, and hardwood floors throughout. Large windows provide natural light, creating an inviting and flexible environment. A private bathroom is included. The open floor plan offers potential for customization to fit the needs of the end user. The location is surrounded by major universities and a regional hospital, and offers easy access to nearby highways. The space is suitable for a variety of business uses. Elevator access is negotiable. The monthly rent is $4000.

Key Highlights

  • High‑traffic location with excellent visibility and strong foot traffic.
  • Spacious 3,500 sq ft open layout with high ceilings and hardwood floors.
  • Ideal location surrounded by major universities and a regional hospital.

Property Analytics

Current Use

Providence Social Club Nightclub Kulture Nightclub Richmond Street Tattoo: ... Tattoo & Piercing Shop Alchemy Music Venue

Suggested Use

Top Pick Building Supply Auto Parts Store Auto Repair Shop Big Box & Wholesale Store Dental Office Storage Facility

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
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

6,071
Businesses Nearby

Demographics for 02903, RI

13,264
Population
6,588
Households
2
Avg Household Size
33
Median Age
53%
College-Educated
89%
High-School Grad
1.7 sq mi
ZIP Area
7,802
Density / Sq Mi
$62,987
Median Household Income
$40,294
Median Earnings
$1,640
Median Rent
$365,600
Median Home Value

Market

Lease Benchmarks for Providence, RI

$32.73 /SF/Yr
Avg Asking Price
$13–$88 /SF/Yr
Price Range
7,536 SF
Avg Space Size

This space is priced 57% below the average of $32.73 /SF/Yr.

Vacancy Rate% for Office in Providence, RI

11.3% 2019
11.9% 2020
11.1% 2021
12.7% 2022
12.3% 2023
12.6% 2024
12.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - 3,500 sq ft commercial space in a prime location.
Where is this office units located?
The property is located at 71 Richmond Street Providence, RI.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: High‑traffic location with excellent visibility and strong foot traffic.; Spacious 3,500 sq ft open layout with high ceilings and hardwood floors.; Ideal location surrounded by major universities and a regional hospital.
More about this property
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