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    14 Imperial Pl Providence, RI 02903

    Sponsored
    For Sale
    $850,000

    Historic building, high potential, 100% occupied.

    Property size:
    2,768 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This stunning six-story, 2,768 square foot mixed-use building at 14 Imperial Place in Providence, Rhode Island's Jewelry District, presents a unique investment opportunity. Built in 1900, the Class B property boasts gorgeous exposed brick, high ceilings, and abundant natural light. Currently configured as a single-tenant office space with seven private offices, a conference area, private bathroom, kitchenette, and open meeting space, it offers significant value-add potential. The 100% occupancy rate ensures immediate cash flow. The property sits on a 2,768 square foot lot and includes off-street parking, a significant advantage in this desirable location. Given its size and the successful conversion of other units within the building, this property is ideally suited for conversion to residential use, potentially creating multiple units. Concept plans illustrate the feasibility of residential conversion, although buyers should conduct their own due diligence. The asking price is $850,000, translating to $307.08 per square foot. This property offers a rare blend of historic charm, modern convenience, and exceptional upside potential in a thriving urban setting.

    Property Features for 14 Imperial Pl

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,768 SF
    Class
    B

    Building Details

    Year Built
    1900
    Buildings
    1
    Stories
    6
    Property Profile Location Intelligence

    Current Use by Public Records

    Cheryl L Shaw Attorney Mary Claire Dilks, ... Acupuncture Clinic Sullivan & Co Employment Agency Get Wholeness Coaching Life Coach Hannah Street Consulting Business Management Consultant

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Building Supply Gym & Fitness Clothing 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
    -71.41165736
    Latitude
    41.817028

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    FAQs

    What type of property is this?
    Individual retail property - Historic building, high potential, 100% occupied.
    Where is this individual retail property located?
    The property is located at 14 Imperial Pl Providence, RI.
    What is the asking price?
    The asking price for this property is $850,000.
    Request Owner's contact information
    14 Imperial Pl 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
    14 Imperial Pl Providence, RI 02903
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