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    521 Main St Providence, RI 02903

    Sponsored
    For Sale
    $849,000

    Historic Providence Office Space, High-End Finish

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional office condo, located at 521 S Main Street UNIT 114 in Providence, Rhode Island, 02903, presents a unique investment opportunity. Built in 1835, this single-building property offers a renovated, spacious office space ideal for various businesses. The 0 square foot lot features a modern design seamlessly blending with the natural beauty of its Fox Point location. The interior boasts high-end fixtures and finishes, creating a sophisticated and inviting atmosphere. Two bathrooms and a kitchenette add to the convenience and functionality of the space. The versatile layout caters to a wide range of industries, providing ample room for growth and expansion. Situated in a stunning complex by the water and surrounded by lush greenery, this property offers exceptional visibility and a serene environment for both employees and clients. This is a rare opportunity to acquire a high-quality office space that perfectly combines functionality and aesthetic appeal in a prime Providence location. The property is classified as Land, Office, Retail, and Industrial, encompassing Commercial, Traditional Office, Storefront, Executive Office, Warehouse, Creative Office, Farm, Specialty Services, Clothing Store, Salon/Barbershop, and Real Estate subtypes. While the lot size is listed as 0 sq ft, further clarification may be needed.

    Property Features for 521 Main St

    General Information

    Property type
    Individual retail properties

    Building Details

    Year Built
    1835
    Buildings
    1

    HighLights

    • Exceptional office condo in prime Providence, RI location at 521 S Main Street UNIT 114.
    • Renovated, spacious office space ideal for various businesses.
    • Features high‑end finishes, two bathrooms, and a kitchenette.
    • Versatile layout offers ample room for growth.
    • Located in a stunning complex by the water with exceptional visibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery 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
    -71.4013893
    Latitude
    41.8181004

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    FAQs

    What type of property is this?
    Individual retail property - Historic Providence Office Space, High-End Finish
    Where is this individual retail property located?
    The property is located at 521 Main St Providence, RI.
    What is the asking price?
    The asking price for this property is $849,000.
    What are key features of this property?
    This property features: Exceptional office condo in prime Providence, RI location at 521 S Main Street UNIT 114.; Renovated, spacious office space ideal for various businesses.; Features high-end finishes, two bathrooms, and a kitchenette.
    Request Owner's contact information
    521 Main 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
    521 Main St Providence, RI 02903
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