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Property profile & analytics
OFF-MARKET
Warehouses

875 Westminster St Providence, RI 02903

Built 1910
Property ID
Property summary
AI-generated overview

This exceptional commercial property at 875 Westminster Street in Providence, Rhode Island, presents a remarkable investment opportunity. Boasting 19,625 square feet on a three-story building constructed in 1910, this versatile property is currently configured as a multi-use retail space (pawn, furniture, and jewelry shop). Its prime location in a high-traffic area ensures excellent customer visibility. The building features an elevator for convenient access to all three floors, a comprehensive security alarm system, and a truck loading door for efficient logistics. Ample parking is available with approximately 18 off-street spaces. The property's long-standing business history and diverse zoning potential make it ideal for a variety of uses, from retail to office space. This is a unique chance to acquire a well-established commercial property in a thriving downtown Providence location, offering limitless potential for an owner-occupant or investor seeking a high-return investment. The asking price is $2,225,000.

Property profile
Verified
Property type Warehouses
Year built 1910
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
  • Reliable Jewelry & Loan (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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