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    297-299 Promenade St Providence, RI 02908

    Sponsored
    For Lease
    $22 SF/Yr

    Historic RI Office, Multiple Spaces Available

    Lot size:
    82,886 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Providence, RI office building, Building #11 of the Foundry Corporate Office Center, offers 82,886 square feet of versatile space, ideal for medical or creative office uses. Located at 297-299 Promenade St, this Class B property boasts a unique history, having been meticulously restored and listed on the National Register of Historic Places. The two-story building features exposed structures, a mezzanine, and a remarkable 220-foot-long clerestory. With a 26-acre campus encompassing 13 buildings, this location provides ample space and a vibrant atmosphere. Multiple tenancy options are available, ranging from a minimum of 6,650 square feet to a maximum contiguous space of 62,000 square feet

    Property Features for 297-299 Promenade St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    82,886 SF
    Class
    B
    Total Rate
    151957.67

    Building Details

    Year Built
    1920
    Buildings
    13
    Stories
    2

    Unit(s) available at that property

    Space
    1st Floor Ste 105
    Size
    6,650 SF
    Rate per SF
    $264
    Space
    1st Floor Ste 100
    Size
    62,000 SF
    Rate per SF
    $27
    Space
    2nd Floor Ste 200
    Size
    10,612 SF
    Rate per SF
    $27

    HighLights

    • Ample on‑site monitored parking (3 spaces/1,000 SF), with additional parking available.
    • Renovated historic mill building with exposed brick and oversized windows; listed on the National Register of Historic Places.
    • Convenient location: walking distance to train station, downtown Providence, and Providence Place Mall; easy highway access (I‑95, I‑195, Routes 6 & 10).
    • River views and access to the Woonasquatucket Riverwalk.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Law Firm Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.422939533459
    Latitude
    41.829663507104

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    FAQs

    What type of property is this?
    Office space - Historic RI Office, Multiple Spaces Available
    Where is this office space located?
    The property is located at 297-299 Promenade St Providence, RI.
    What is the lease rate?
    The lease rate is $27-$264 SF/Yr.
    What are key features of this property?
    This property features: Ample on-site monitored parking (3 spaces/1,000 SF), with additional parking available.; Renovated historic mill building with exposed brick and oversized windows; listed on the National Register of Historic Places.; Convenient location: walking distance to train station, downtown Providence, and Providence Place Mall; easy highway access (I-95, I-195, Routes 6 & 10).
    Request Owner's contact information
    297-299 Promenade St Providence, RI 02908
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    Providence, RI 02908
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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
    297-299 Promenade St Providence, RI 02908
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