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Property profile

184 Broad St Providence, RI 02903

OFF-MARKET
Commercial real estate
Property ID
US76-0145966
18,000 SF 0.22 ac lot Built 1900
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Property summary

AI-generated overview

This exceptional 18,000-square-foot commercial building is situated on a 0.22-acre lot in the heart of downtown Providence, Rhode Island, at 184 Broad Street. The three-story structure offers approximately 6,000 square feet of finished space per floor, currently occupied by a tenant utilizing the space for a diverse range of purposes including a church, coffee shop, offices, and classrooms. Each floor includes multiple restrooms and ample storage, ensuring functionality and versatility. A convenient elevator enhances accessibility throughout the building. The property's adaptability makes it suitable for a wide array of uses, such as offices, religious services, a street-level retail space, social services, or even conversion into residential condominiums. The possibilities are numerous, allowing for a single-use occupancy or a creative combination of uses. Adding to its appeal is a secure, shared parking area behind the building, providing 21 dedicated parking spaces for convenience. While previously under contract, the sale is now available due to financing issues with the previous buyer. The property is offered at $1,850,000.

Property profile

Verified
Property type Commercial real estate
Year built 1900
Total area 18,000 SF
Lot 0.22 ac (9,583 SF)
UPID US76-0145966

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
  • Church
  • Church

Location

184 Broad St Providence, RI 02903
Providence metro
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Value estimations

Realmo proprietary · 4 methods
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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
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