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    130 Westminster St Providence, RI 02903

    Sponsored
    For Lease
    $34 SF/Yr

    Downtown Providence Office Suite, 411 sq ft

    Lot size:
    422 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 411-square-foot commercial space is available for immediate lease within the iconic Arcade building, a historic landmark in the heart of Downtown Providence. Located on the ground floor with direct Westminster Street access, this tastefully renovated unit boasts a main room, reception area, and a private back room. Previously configured as two units, the space offers flexibility for a variety of uses, ideal for a beauty-related business (nail salon, lash salon) or professional office (legal, administrative). The Arcade houses 17 retail shops and 3 established restaurants, ensuring high foot traffic and local business activity, further amplified by the ongoing conversion of the adjacent Industrial Trust Tower into 285 apartments with ground-level retail. Lease terms are flexible, with a monthly cost of $1200, and utilities are negotiable. The property offers access to a shared bathroom, storage, high-speed internet, and convenient parking at a flat rate of $5 per day, with additional street parking available. This is a unique opportunity to establish your business in America's oldest shopping mall, benefiting from a prime location and significant growth potential. Note: Only one of two adjacent units is available for lease.

    Property Features for 130 Westminster St

    General Information

    Property type
    Amusement parks
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    422 SF

    Building Details

    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    114
    Size
    422 SF
    Rate per SF
    $34

    HighLights

    • Retail/Office space for lease in the historic Arcade building in Downtown Providence.
    • 411 square foot ground floor unit, previously two units combined, easily divisible.
    • Tastefully renovated space ideal for beauty‑related businesses or office use.
    • $1200/month lease, utilities negotiable, flexible terms.
    • Access to common bathroom, storage, high‑speed internet, and nearby parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Little Shop of Soups Soup Restaurant

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -71.410843
    Latitude
    41.824041

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    FAQs

    What type of property is this?
    Amusement park - Downtown Providence Office Suite, 411 sq ft
    Where is this amusement park located?
    The property is located at 130 Westminster St Providence, RI.
    What is the lease rate?
    The lease rate is $34 SF/Yr.
    What are key features of this property?
    This property features: Retail/Office space for lease in the historic Arcade building in Downtown Providence.; 411 square foot ground floor unit, previously two units combined, easily divisible.; Tastefully renovated space ideal for beauty-related businesses or office use.
    Request Owner's contact information
    130 Westminster 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
    130 Westminster St Providence, RI 02903
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