Third-Floor Corner Office Loft
82 Orange Street #3B Providence, RI 02903
82 Orange Street #3B, Providence, RI, 02903
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For Sale
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Third-floor corner unit offers 14.5-foot ceilings, multiple baths, in-unit laundry, and basement storage in a historic condominium building.
Property Size1,985 SF
Price / SF$377.83
Days on Market21
Property Features for 82 Orange Street #3B
General Information
- Standard status
- Active
- Size
- 1,985 SF
- Property subtype
- Multifamily, Office, Industrial, Land, Special Purpose
Building Details
- Year Built
- 1920
Listing agency
Engel & Volkers East Greenwich
(401) 244-8355
Listed by
Emilio DiSpirito · License #RES.0033582
Source
Crexi
Added: Jul 1 Updated: Jul 20 at 4:47PM Checked: Jul 20 at 4:47PM
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 Engel & Volkers East Greenwich
Investment Insights
Based on property information with market context.
Located at Orange Street Condominiums in a preserved former jewelry manufacturing building, this third-floor corner office/work-studio condo features soaring 14.5-foot ceilings and large windows designed for bright interior space. The unit is delivered as a blank template, allowing for a range of layouts while retaining a loft-style feel, subject to applicable approvals and due diligence. Interior improvements include a full bath and half bath, in-unit laundry, and basement storage. A rare wood stove with firewood storage is also included. Condo documents permit residential, office space, and work-studio use, providing flexibility for an owner-user or business requiring adaptable space.
The property is situated on Orange Street within the Downtown Providence National Register Historic District. The unit is positioned steps from local courthouses, banks, restaurants and cafés, and is described as walkable to nearby institutions and transportation, including Amtrak and access to I-95 and nearby parking garages with monthly options. Roof access/rights may offer possible future rooftop or build-up opportunities, subject to city permits, condo approvals, and buyer verification.
Overall, this is a distinctive downtown office/work-studio condo with distinctive ceiling height, strong daylight, and multiple room options through the existing flexible layout.
The property is situated on Orange Street within the Downtown Providence National Register Historic District. The unit is positioned steps from local courthouses, banks, restaurants and cafés, and is described as walkable to nearby institutions and transportation, including Amtrak and access to I-95 and nearby parking garages with monthly options. Roof access/rights may offer possible future rooftop or build-up opportunities, subject to city permits, condo approvals, and buyer verification.
Overall, this is a distinctive downtown office/work-studio condo with distinctive ceiling height, strong daylight, and multiple room options through the existing flexible layout.
Key Highlights
- Third‑floor corner unit in a preserved former jewelry manufacturing building in the Downtown Providence National Register Historic District
- Approx. 1,985 SF with 14.5‑foot ceilings and large windows for dramatic natural light and views over the Financial District
- Flexible condo use permitted for residential, office, and work‑studio space (buyer to verify approvals and due diligence)
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 | $53.6k | $27.00 |
| − Vacancy | −$8.3k | −$4.19 |
| EGI | $45.3k | $22.81 |
| − OpEx | −$11.3k | −$5.70 |
| NOI | $34.0k | $17.11 |
1,985 SF · lease $27.00/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$485.2K
$424.6K – $566.1K
NOI $33,966 @ 7.0% cap · market cap 4.53%
Second Best
Mixed Use
$401.1K
$351.0K – $468.0K
NOI $28,078 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$664.1K
$581.1K – $774.8K
NOI $46,486 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Third-floor corner unit offers 14.5-foot ceilings, multiple baths, in-unit laundry, and basement storage in a historic condominium building.
Where is this office units located?
The property is located at 82 Orange Street #3B Providence, RI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Third‑floor corner unit in a preserved former jewelry manufacturing building in the Downtown Providence National Register Historic District; Approx. 1,985 SF with 14.5‑foot ceilings and large windows for dramatic natural light and views over the Financial District; Flexible condo use permitted for residential, office, and work‑studio space (buyer to verify approvals and due diligence)
