235 Meeting StProvidence, RI 02906

Property Details for 235 Meeting St

Year built

2023

Construction

FRAME

Lot size

0.05 AC

Property size (Sq ft)

6,536 SF

Zone code

C-2

Property type

Other commercial real estate

Property subtype

Showrooms

APN

PROV M:13 L:45

APU

PROVM13L45

Description

This exceptional 3,970 square foot commercial property, built in 2023, is ideally situated at 235 Meeting Street, Providence, RI 02906, near the intersection of Thayer Street. The building, zoned C-1, offers a single-tenant space spread across three levels, perfect for a restaurant or retail establishment. The lower level includes dedicated walk-in cooler and freezer spaces, while both the lower and ground levels provide ample kitchen space. The second level is well-suited for a dining area or lounge. This is a fantastic opportunity to establish your business in a high-traffic area with excellent visibility. The property benefits from its proximity to popular businesses such as Shake Shack, Starbucks, Ben & Jerry's, Brown University Bookstore, Francesca's, and CVS, and is just minutes from Downtown Providence. The building is a four-story structure, however, only three floors are included in the lease. There is no on-site parking. This is a rare opportunity to secure a brand-new space without the added expense of triple net fees. The property's location on the vibrant East Side ensures maximum exposure and foot traffic, making it an ideal choice for a thriving business.

• CAP approach

  CAP return

  Valuation

  6%

  $1,588,476

  6.5%

  $1,466,286

  7%

  $1,361,551

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,152,064

  Geo Method

  $2,152,064

• Alternative Use

  Use

  Valuation

  Residential

  $1,236,867

  Hospitality

  $1,132,963

  Educational

  $942,612

  Medical

  $975,030

  Retail

  $1,466,286

Location Insight

City

Providence

County

Providence

State

Rhode Island

Latitude

41.8291

Longitude

-71.4005

CBSA code

39300

CBSA name

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

Property Tax & Assessments

FAQs

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