75 Plain St Providence, RI 02903
This exceptional 9,135 square foot Class B office building at 75 Plain Street in Providence, Rhode Island, presents a compelling investment opportunity. Situated on the campus of Rhode Island's largest healthcare organization, this two-story building offers immediate income potential from existing leased medical office space, along with significant upside potential in the vacant upper floor. The property boasts convenient on-site parking, a highly desirable feature in this busy urban location. Its R-3 zoning allows for diverse development options, including the possibility of converting the upper floor back into clinical patient rooms or constructing a new multi-story building. The property's prime location offers easy access to major highways and downtown Providence. The ample land surrounding the building provides further development opportunities, making this a truly unique investment prospect. The building's address is 75 Plain Street, Providence, RI 02903, with APN 23-603. This property is a single building with a total of 9,135 square feet. The asking price is $3,450,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.