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    253 Georgia Ave Providence, RI 02905

    For Lease
    $15 SF/Yr ($18,527 /Mo)

    14,822 SF Manufacturing Building, RI

    Lot size:
    14,822 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional single-story manufacturing facility, located at 253 Georgia Avenue in Providence, Rhode Island, presents a unique opportunity for businesses seeking efficient and well-situated industrial space. The property boasts a generous 14,822 square feet of building area situated on a sizable 31,708 square foot lot. The building features 16-foot ceilings, providing ample vertical space for various manufacturing operations. Access is convenient with one drive-in door. The property is zoned M-1, ensuring compatibility with a wide range of industrial uses. Its strategic location offers excellent accessibility, being less than one mile from I-95, and benefits from prominent frontage on Georgia Avenue, Toronto Avenue, and Eddy Street. This property is ideal for businesses requiring a single-tenant industrial space in a prime Providence location. The building is situated in Providence County, Rhode Island, with a zip code of 02905. This is a single-level building, making operations efficient and straightforward. The property's size and features make it suitable for a variety of manufacturing and industrial applications. The convenient location and ample space make this an attractive option for businesses seeking to establish or expand their operations in the Providence area.

    Property Features for 253 Georgia Ave

    General Information

    Property type
    Manufacturing properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,822 SF
    Total Rate
    18527.5

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    14,822 SF
    Rate per SF
    $15
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Trombley's Automotive Services Auto Repair Shop E E Weller ... Shoe Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.403145515657
    Latitude
    41.791024071775

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    FAQs

    What type of property is this?
    Manufacturing property - 14,822 SF Manufacturing Building, RI
    Where is this manufacturing property located?
    The property is located at 253 Georgia Ave Providence, RI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
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    253 Georgia Ave Providence, RI 02905
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    Providence, RI 02905
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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
    253 Georgia Ave Providence, RI 02905
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