875 Westminster St Providence, RI 02903
This exceptional commercial property, located at 875 Westminster Street in Providence, Rhode Island, presents a unique investment opportunity. Priced at $2,225,000, this 19,625 square foot lot offers significant potential for redevelopment or continued operation as a thriving business. Currently configured as a three-level commercial space, previously housing a pawn, furniture, and jewelry shop, the building boasts convenient features including an elevator, a truck loading door, and a comprehensive security alarm system. The property also includes a substantial parking lot with approximately 18 off-street spaces, a significant advantage in a high-traffic area. Situated in a bustling section of Providence, this property benefits from high foot traffic and excellent customer visibility. Its prime location near the downtown area makes it an attractive option for a wide range of businesses. The existing business has operated successfully for many years, providing a strong foundation for future success. This versatile property is ideal for an investor seeking a strong return or an owner-occupant looking to relocate their business to a high-profile location. The combination of location, size, and existing infrastructure makes this a truly exceptional opportunity in a dynamic commercial hub. The property's zoning and potential uses should be independently verified.
-
Reliable Jewelry & Loan (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.