333 Westminster Street Providence

$1,200,000
3,500 sq ft

The Property

Imagine transforming this historic building into some of the most striking residential condominiums in Downtown Providence. With soaring floor-to-ceiling windows, exposed brick, and the character of a 1900 loft-style structure, the property offers a rare canvas for luxury redevelopment right in the center of the city’s most walkable corridor. Each existing full floor is 3,300 sq ft, presenting tremendous versatility. Developers could create three expansive luxury residences, each offering over 3,200 sq.

ft. of dramatic open living space, perfect for buyers seeking penthouse-style living with unmatched natural light and panoramic urban views. Alternatively, the building’s width and column spacing allow for seamless subdivision into six beautifully proportioned 1,600 sq ft units, ideal for boutique urban living, or high-demand rental inventory. The building’s zoning D-1-120 already allows residential use, making this a turnkey opportunity for repositioning. With the city’s surge in downtown population, demand for high-end, character-rich residences far exceeds supply. Westminster Street, surrounded by restaurants, galleries, universities, and new development—has become the epicenter of Providence’s urban revival. Elevator access, heavy power, sprinkler systems, and full-floor control support a smooth residential conversion. In short: the floorplan is perfect, the location is unbeatable, and the market is ready for a boutique luxury residential project with true wow-factor.

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Listing Details

MLS Number

1401557

Lot Size:

0.08 acres

Features

  • Basement: Full
  • Elevator
  • Restrooms
  • Sprinklers
  • Restaurant
  • Heating: Gas Connected
  • Heating Fuel: Gas Connected
  • Downtown
  • Year Built: 1900

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Market Trends for Commercial Properties
in Providence

  • Overview
    Homes for Sale Today74-89.5% decrease in inventory
    New on Market *9-55% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$89.40$53,761 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$485,000$471,250 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *97.19%3.7% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$180.97$24 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *48460 decrease in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Paramount Properties Group

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