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    108 Spruce St Providence, RI 02903

    Sponsored
    For Lease
    $348 /Mo ($1.16 SF/Yr)

    Prime Providence Office, 1200 SF Available

    Lot size:
    3,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3-story, 3,600 square foot building at 108 Spruce Street in Providence, Rhode Island's vibrant Federal Hill neighborhood offers a unique opportunity. Currently, 1,200 square feet of space is available for lease within this single-tenant building, built in 1920. The property is classified as both Traditional and Creative Office space, providing flexibility for a variety of businesses. Located in the Federal Hill submarket of Providence County, this property boasts unparalleled visibility and foot traffic, ideal for businesses that benefit from walk-in customers. Its convenient location offers easy access to major highways and public transportation, along with ample parking. The available space is currently unfinished, presenting a blank canvas for customization to perfectly suit your business needs. This allows for the creation of an open layout or a more defined space, depending on your specific requirements. The surrounding area is thriving with established businesses, providing excellent opportunities for advertising and brand exposure. This is a rare chance to establish your business in a high-demand location within one of Providence's most desirable neighborhoods. The zip code is 02903.

    Property Features for 108 Spruce St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,600 SF
    Total Rate
    348

    Building Details

    Year Built
    1920
    Stories
    3

    Unit(s) available at that property

    Space
    Size
    1,200 SF
    Rate per SF
    $348
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4272855
    Latitude
    41.8242172

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    FAQs

    What type of property is this?
    Office space - Prime Providence Office, 1200 SF Available
    Where is this office space located?
    The property is located at 108 Spruce St Providence, RI.
    What is the lease rate?
    The lease rate is $348 /Mo.
    Request Owner's contact information
    108 Spruce St Providence, RI 02903
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    Providence, RI 02903
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    108 Spruce St Providence, RI 02903
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