Property profile

130 Westminster St Providence, RI 02903

OFF-MARKET
Amusement parks
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Restaurant

Location

130 Westminster St Providence, RI 02903
Providence metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 130 Westminster St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message