Property profile

50 Holden St Providence, RI 02908

FOR LEASE
Showrooms
Property ID
US76-0041637
42,918 SF 1.2 ac lot Built 1900
Individually Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The Foundry Corporate Office Center, a meticulously restored historic mill campus on the National Register of Historic Places, offers exceptional office space in Providence, RI. This 26-acre campus boasts nine buildings totaling 500,000 square feet, housing 50 companies and 2,000 employees. Available suites range from 6,482 to 14,192 square feet, with a total of 20,988 square feet currently vacant. The Class A office spaces feature exposed brick, oversized windows, and high ceilings, creating a unique and inspiring work environment. The property includes multiple green spaces, courtyards, and a private Gantry Gardens area with amenities like gas grills and a fire pit. Enjoy stunning waterfall views and convenient access to the Woonasquatucket Riverwalk. Its prime location offers easy access to I-95, I-195, I-295, Routes 6/10/146, and is within walking distance of the train station, downtown Providence, and the Providence Place Mall. On-site amenities include Nero's Foundry Cafe. The building features elevators and is located in Providence County. This is a rare opportunity to lease space in a truly unique and prestigious location. Multiple tenancy options are available. The building was constructed in 1891.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 42,918 SF
Lot 1.2 ac (52,452 SF)
Zoning code M-MU-9
APN PROV M:67 L:546
UPID US76-0041637

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
  • Physician
  • Physician
  • Medical Clinic Physician
  • Tax Preparation
  • Business Management Consultant Accountant

Location

50 Holden St Providence, RI 02908
Providence metro Census 2500 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.28M
Blend (final) Blend
$4.56M

Owner & transaction history

since 2022
3 recorded transactions
2022
Price N/A
2011
Price N/A
1969
Price N/A

Zoning & alternative use

M-MU-9 · Providence, RI

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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