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Property profile & analytics
OFF-MARKET
Amusement parks

130 Westminster St Providence, RI 02903

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Amusement parks
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
  • Little Shop of Soups Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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