130 Westminster St Providence, RI 02903
This exceptional 411-square-foot commercial space is available for immediate lease within the iconic Arcade building, a historic landmark in the heart of Downtown Providence. Located on the ground floor with direct Westminster Street access, this tastefully renovated unit boasts a main room, reception area, and a private back room. Previously configured as two units, the space offers flexibility for a variety of uses, ideal for a beauty-related business (nail salon, lash salon) or professional office (legal, administrative). The Arcade houses 17 retail shops and 3 established restaurants, ensuring high foot traffic and local business activity, further amplified by the ongoing conversion of the adjacent Industrial Trust Tower into 285 apartments with ground-level retail. Lease terms are flexible, with a monthly cost of $1200, and utilities are negotiable. The property offers access to a shared bathroom, storage, high-speed internet, and convenient parking at a flat rate of $5 per day, with additional street parking available. This is a unique opportunity to establish your business in America's oldest shopping mall, benefiting from a prime location and significant growth potential. Note: Only one of two adjacent units is available for lease.
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Little Shop of Soups Restaurant
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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Risks
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