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Property profile & analytics
FOR LEASE
Showrooms

999 South Broadway 1 East Providence, RI 02914

11,385 SF 0.46 ac lot Built 1980
Entity Owned 30-yr Hold Absentee Owner Free & Clear
Property ID
US76-0196775
Property summary
AI-generated overview

This exceptional 3,795 square foot single-tenant office building is ideally situated at 999 South Broadway, Unit 1, in East Providence, Rhode Island, 02914. The property boasts a highly visible corner location at a traffic light intersection, ensuring maximum exposure. Previously occupied by a bank, this freestanding building retains unique features such as a drive-up teller window and a vault, offering versatile possibilities for a variety of businesses. Imagine the potential for a fast-food restaurant, pharmacy, or dry cleaner, capitalizing on the existing infrastructure. Ample on-site parking accommodates 75 vehicles, with additional off-site parking readily available across the street. The property's strategic location provides convenient access to Route 95 and downtown Providence, while Boston is only a 45-minute drive away. The lot size is 3,795 square feet, and the building is classified as Retail, Office, Land, and Restaurant, with subtypes including Traditional Office, Commercial, Medical Office, Executive Office, Agricultural, Specialty Services, Dentistry, and Real Estate. This is a rare opportunity to acquire a versatile and well-located commercial property with significant potential. The property is ready for immediate occupancy.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1980
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 11,385 SF
Lot 0.46 ac (19,842 SF)
Zoning code C2
APN EPRO M:207 B:02 L:010 U:
UPID US76-0196775
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • FedEx Drop Box Postal Service Courier Service
  • Premier Medical Group Hospital
  • Muhammad S. Akhtar Physician
  • Lisa Janicki Physician
  • Dr. Holly Puleo Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.07M
Comparable Approach Comparable
$1.94M
Blend (final) Blend
$1.75M
Owner & transaction history
Bank Rhode Island · 30 yrs held
Bank Rhode Island
since 1996
1 recorded transaction
1996
$420,000
Zoning & alternative use
C2 · East Providence, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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