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    14 Imperial Pl Providence, RI 02903

    Sponsored
    For Sale
    $850,000

    7,114 sq ft lot, office/residential potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This unique 7,114 square foot mixed-use property, located at 14 Imperial Place UNIT 202 in Providence, Rhode Island's jewelry district, presents a compelling investment opportunity. Built in 1900, the single-unit building currently functions as a spacious office, boasting gorgeous exposed brick, high ceilings, and abundant natural light. The property offers off-street parking, a significant advantage in this vibrant urban location. The existing layout includes seven private offices, a conference area, a private bathroom, and a kitchenette. The substantial size (nearly 3000 square feet of interior space) allows for flexibility; the property could potentially be converted into two smaller residential units, mirroring successful conversions in other building units. Concept photos illustrate the potential for residential conversion, though buyers are advised to conduct their own due diligence should they pursue this option. The asking price for this exceptional property is $850,000. This prime location and versatile space offer a rare chance to acquire a property with significant upside potential in a thriving Rhode Island market. The property is zoned for both commercial and residential use.

    Property Features for 14 Imperial Pl

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1900
    Buildings
    1
    Units
    1

    HighLights

    • $850,000 asking price.
    • Mixed‑use property (Commercial & Residential) with 7,114 sq ft lot.
    • 1900 construction, 1 building, 1 unit.
    • Located in Providence, RI's Jewelry District with off‑street parking.
    • Currently configured as office space with 7 private offices, conference area, bathroom, and kitchenette; potential for residential conversion (buyer due diligence required).
    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
    -71.4115604
    Latitude
    41.8171753

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    FAQs

    What type of property is this?
    Office Property / Space - 7,114 sq ft lot, office/residential potential
    Where is this office property / space 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.
    What are key features of this property?
    This property features: $850,000 asking price.; Mixed-use property (Commercial & Residential) with 7,114 sq ft lot.; 1900 construction, 1 building, 1 unit.
    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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