111 Chestnut StProvidence, RI 02903

Property Details for 111 Chestnut St

Year built

1956

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.53 AC

Property size (Sq ft)

20,168 SF

Zone code

D-1-10

Property type

Other commercial real estate

Property subtype

Showrooms

APN

PROV M:21 L:420

APU

PROVM21L420

Description

This exceptional Class A executive office space at 111 Chestnut Street in Providence, Rhode Island, offers a rare opportunity. Located in Providence County, zip code 02903, this building boasts a total of 25,602 square feet, currently featuring 3,000 square feet of immediately available space. The minimum divisible space is 1,200 square feet, with a maximum contiguous space of 3,000 square feet available for lease. Suites are available in move-in ready condition or can be customized to suit specific tenant build-out requirements. The building is fully handicapped accessible, providing convenient and inclusive access for all. On-site parking is a significant advantage, ensuring easy access for employees and clients. This single-suite building offers a unique opportunity for businesses seeking a prestigious and convenient location in the heart of Providence. The property is ideally suited for a variety of executive office uses, providing a professional and efficient workspace. Don't miss this chance to secure your ideal office space in this highly desirable location. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $4,901,528

  6.5%

  $4,524,488

  7%

  $4,201,310

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,640,580

  Geo Method

  $6,640,580

• Alternative Use

  Use

  Valuation

  Residential

  $3,816,574

  Hospitality

  $3,495,962

  Educational

  $2,908,599

  Medical

  $3,008,630

  Retail

  $4,524,488

Location Insight

City

Providence

County

Providence

State

Rhode Island

Latitude

41.8185

Longitude

-71.4112

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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