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    42 Westfield St Providence, RI 02907

    Sponsored
    For Sale
    $2,100,000

    32,670 SF Warehouse, 16' Clear Height

    Property size:
    32,670 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Providence, RI industrial property, located at 42 Westfield St, 02907, presents a significant investment opportunity. Boasting 32,670 square feet of space, this warehouse and manufacturing facility features a 16-foot clear ceiling height, providing ample room for storage and operations. The property sits on a 25,861 square foot lot, offering convenient access and maneuverability. Three drive-in doors ensure efficient loading and unloading, while three-phase power is readily available to support various industrial applications. Its strategic location in Providence offers businesses the advantage of urban proximity combined with logistical efficiency, making it an ideal choice for companies seeking a balance between accessibility and local resources within a thriving regional market. The property's layout is well-suited for storage and warehousing needs, enhancing operational efficiency. The asking price is $2,100,000. This property represents a compelling opportunity to acquire a well-situated industrial asset in a dynamic market.

    Property Features for 42 Westfield St

    General Information

    Property type
    Manufacturing properties
    Square Feet
    32,670 SF

    HighLights

    • $2,100,000 asking price.
    • 32,670 square foot industrial warehouse/manufacturing building.
    • 25,861 square foot lot.
    • 16' clear ceiling height.
    • 3 drive‑in doors and 3‑phase power.
    Property Profile Location Intelligence

    Current Use by Public Records

    Safe-Way Electric Motor ... Electric Motor 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
    -71.4256348
    Latitude
    41.8098626

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    FAQs

    What type of property is this?
    Manufacturing property - 32,670 SF Warehouse, 16' Clear Height
    Where is this manufacturing property located?
    The property is located at 42 Westfield St Providence, RI.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: $2,100,000 asking price.; 32,670 square foot industrial warehouse/manufacturing building.; 25,861 square foot lot.
    Request Owner's contact information
    42 Westfield St Providence, RI 02907
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    Providence, RI 02907
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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
    42 Westfield St Providence, RI 02907
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