Property profile

130 Westminster St Providence, RI 02903

OFF-MARKET
Specialty properties
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Property summary

AI-generated overview

This exceptional 411-square-foot commercial space is available for immediate lease within the historic Arcade building in downtown Providence, Rhode Island. Located on the ground floor with direct Westminster Street access, this tastefully renovated suite boasts a main room, reception area, and private back room. Previously configured as two units, the space offers a flexible layout, ideal for a variety of businesses, including beauty salons, legal offices, or administrative uses. The unit benefits from access to a shared bathroom, storage, high-speed internet, and convenient parking at a flat rate of $5 daily, in addition to street parking options. Utilities are negotiable, and flexible lease terms are available. Basement storage is also available for an additional fee. This prime location is situated across from the Industrial Trust Tower, currently undergoing a major conversion into residential and retail space, ensuring high foot traffic and visibility. The Arcade, America's oldest shopping mall, offers a unique and prestigious address within a vibrant downtown setting, featuring 17 retail shops and 3 established restaurants. Only one of two adjacent units is available for lease

Property profile

Verified
Property type Specialty properties

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

130 Westminster St Providence, RI 02903
Providence metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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