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130 Westminster Street, Unit#114 Providence

$1,500
0 422 sq ft

The Property

Commercial lease available immediately in iconic Arcade building, a stately and historic landmark located in the heart of Downtown Providence with 17 retail shops and 3 established restaurants inside. The Arcade is located directly across the street from the infamous “Superman building” or Industrial Trust Tower, where work has begun converting space inside into 285 apartments with ground level shops and retails stores to be completed 2024. Current owner has 2 units side-by-side with removed wall for increased space but can replace if needed. Space is tastefully renovated and immaculately clean with main room, reception area, and private back room.

Perfect for nail salon, lash salon, or beauty-related business, but will consider any retail or office space usage. Perfect for new or established businesses. Unit is 411 sq ft on ground floor directly inside the Westminster Street entry. Access to common bathroom, storage, high speed internet, and convenient parking lot with flat rate of $5 as well as street parking. Utilities negotiable depending on business with monthly lease cost of $1500/mo with flexible terms. Area has foot traffic as well as local business traffic year-round with large increase expected with completion of nearby apartments. Come bring your business to the oldest shopping mall in America! Please note: Only one of two units available for lease, owner is retaining one unit.

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Listing Details

MLS Number

1350145

Lot Size:

0.00 acres

Features

  • Basement: Partial
  • Restrooms
  • Recreation Room
  • Restaurant(s)
  • Heating: Forced Air
  • Laundry
  • Type: Accounting,Administrative and Support,Advertising,Arts and Entertainment,Barber/Beauty,Beauty Service,Clothing,Gift Shop,Jewelry,Office,Professional Service,Retail,Sports/Entertainment,Street Retail
  • Year Built: 1828

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Market Trends for Commercial Properties
in Providence

  • Overview
    Homes for Sale Today62-88.9% decrease in inventory
    New on Market *19-9.5% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$194.27$24 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$1,032,500$318,833 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *99.33%1.8% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$0.00$165 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *5093 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?

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

Listed by RE/MAX ADVANTAGE GROUP

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