Current Use by Public Records
- Reliable Jewelry & Loan / (Bike/Boat/Book/etc) Store
Property Details for 875 Westminster St
- Property type
- Specialty properties
- Property subtype
- Land
Description
This exceptional commercial property, located at 875 Westminster Street in Providence, Rhode Island, presents a unique investment opportunity. Priced at $2,225,000, this 19,625 square foot lot offers significant potential for redevelopment or continued operation as a thriving business. Currently configured as a three-level commercial space, previously housing a pawn, furniture, and jewelry shop, the building boasts convenient features including an elevator, a truck loading door, and a comprehensive security alarm system. The property also includes a substantial parking lot with approximately 18 off-street spaces, a significant advantage in a high-traffic area. Situated in a bustling section of Providence, this property benefits from high foot traffic and excellent customer visibility. Its prime location near the downtown area makes it an attractive option for a wide range of businesses. The existing business has operated successfully for many years, providing a strong foundation for future success. This versatile property is ideal for an investor seeking a strong return or an owner-occupant looking to relocate their business to a high-profile location. The combination of location, size, and existing infrastructure makes this a truly exceptional opportunity in a dynamic commercial hub. The property's zoning and potential uses should be independently verified.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.4226
- Latitude
- 41.8177
