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    68 Kennedy Plz Providence, RI 02903

    Sponsored
    For Lease
    $25 SF/Yr

    10,004 SF Medical Office in RI

    Lot size:
    10,004 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 10,004-square-foot commercial property, located at 68 Kennedy Plaza in Providence, Rhode Island, presents a unique investment opportunity. Currently configured as a medical office, the space boasts 2,000 square feet of readily available space, ideal for expansion or immediate occupancy. The existing layout efficiently incorporates six exam rooms, each equipped with sinks, along with two private offices, a welcoming reception area, and a comfortable waiting room. The adaptable floor plan offers flexibility

    Property Features for 68 Kennedy Plz

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,004 SF
    Total Rate
    20841.67

    Unit(s) available at that property

    Space
    Available Space
    Size
    2,000 SF
    Rate per SF
    $25

    HighLights

    • Prime location in the Financial District.
    • Excellent walkability to numerous amenities.
    • Adjacent to Kennedy Plaza and public transportation (RIPTA).
    • High foot traffic in a bustling area.
    • D‑1‑300 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Downcity Church Church

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Law Firm 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
    -71.4115264
    Latitude
    41.8244162

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    FAQs

    What type of property is this?
    Medical office - 10,004 SF Medical Office in RI
    Where is this medical office located?
    The property is located at 68 Kennedy Plz Providence, RI.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Prime location in the Financial District.; Excellent walkability to numerous amenities.; Adjacent to Kennedy Plaza and public transportation (RIPTA).
    Request Owner's contact information
    68 Kennedy Plz 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
    68 Kennedy Plz Providence, RI 02903
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