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    FOR LEASE
    Showrooms

    999 South Broadway 1, East Providence, RI 02914

    11,385 SF 0.46 ac lot Built 1980
    Entity Owned 30-yr Hold Absentee Owner Free & Clear
    Property ID
    US76-0196775
    Property summary
    AI-generated overview

    This exceptional 3,795 square foot single-tenant office building is ideally situated at 999 South Broadway, Unit 1, in East Providence, Rhode Island, 02914. The property boasts a highly visible corner location at a traffic light intersection, ensuring maximum exposure. Previously occupied by a bank, this freestanding building retains unique features such as a drive-up teller window and a vault, offering versatile possibilities for a variety of businesses. Imagine the potential for a fast-food restaurant, pharmacy, or dry cleaner, capitalizing on the existing infrastructure. Ample on-site parking accommodates 75 vehicles, with additional off-site parking readily available across the street. The property's strategic location provides convenient access to Route 95 and downtown Providence, while Boston is only a 45-minute drive away. The lot size is 3,795 square feet, and the building is classified as Retail, Office, Land, and Restaurant, with subtypes including Traditional Office, Commercial, Medical Office, Executive Office, Agricultural, Specialty Services, Dentistry, and Real Estate. This is a rare opportunity to acquire a versatile and well-located commercial property with significant potential. The property is ready for immediate occupancy.

    Property profile
    Verified
    Property type Showrooms
    Use group SHOW ROOM, WAREHOUSE
    Year built 1980
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 11,385 SF
    Lot 0.46 ac (19,842 SF)
    Zoning code C2
    APN EPRO M:207 B:02 L:010 U:
    UPID US76-0196775
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • FedEx Drop Box Postal Service Courier Service
    • Premier Medical Group Hospital
    • Muhammad S. Akhtar Physician
    • Lisa Janicki Physician
    • Dr. Holly Puleo Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $2.07M
    Comparable Approach Comparable
    $1.94M
    Blend (final) Blend
    $1.75M
    Owner & transaction history
    Bank Rhode Island · 30 yrs held
    Bank Rhode Island
    since 1996
    1 recorded transaction
    1996
    $420,000
    Zoning & alternative use
    C2 · East Providence, RI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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