108 Spruce St Providence, RI 02903
- Investment properties
- 3,600 SF
- 0.03 lot acres
Current Use by Public Records
- Investment properties
Property Details for 108 Spruce St
- Year built
- 1920
- Construction
- FRAME
- Lot size
- 0.03 lot acres
- Property size
- 3,600 SF
- Zone code
- C-2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- PROV M:28 L:429
- APU
- PROVM28L429
Description
This exceptional 3-story, 3,600 square foot building at 108 Spruce Street in Providence, Rhode Island's vibrant Federal Hill neighborhood offers a unique opportunity. Currently, 1,200 square feet of space is available for lease within this single-tenant building, built in 1920. The property is classified as both Traditional and Creative Office space, providing flexibility for a variety of businesses. Located in the Federal Hill submarket of Providence County, this property boasts unparalleled visibility and foot traffic, ideal for businesses that benefit from walk-in customers. Its convenient location offers easy access to major highways and public transportation, along with ample parking. The available space is currently unfinished, presenting a blank canvas for customization to perfectly suit your business needs. This allows for the creation of an open layout or a more defined space, depending on your specific requirements. The surrounding area is thriving with established businesses, providing excellent opportunities for advertising and brand exposure. This is a rare chance to establish your business in a high-demand location within one of Providence's most desirable neighborhoods. The zip code is 02903.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $590,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $540,000
- 6.5%
- $560,000
- 7%
- $505,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $475,000
- Geo Method
- $465,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $560,000
- Retail
- $570,000
- Mixed-Use
- $585,000
- Hospitality
- $500,000
- Educational
- $555,000
- Residential Income
- $540,000
- Energy
- $470,000
- Income-Based Land
- $585,000
- Food Service
- $595,000
Location Insight
- Map
- Local Demand
- City
- Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.4273
- Latitude
- 41.8242
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA