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130 Westminster Street, Unit#122 & 123 & 023, Providence
130 Westminster Street, Unit#122 & 123 & 023, Providence
130 Westminster Street, Unit#122 & 123 & 023, Providence
130 Westminster Street, Unit#122 & 123 & 023, Providence
130 Westminster Street, Unit#122 & 123 & 023, Providence
130 Westminster Street, Unit#122 & 123 & 023, Providence
130 Westminster Street, Unit#122 & 123 & 023, Providence

130 Westminster Street, Unit#122 & 123 & 023 Providence

$450,000
0 1,278 sq ft

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The Property

196 Years Strong! The “First Mall in America” now is offering 1278SF FOR SALE or LEASE. Currently set up for “fast casual” food service. Unit is in excellent, turn key condition in a PRIME DOWNTOWN LOCATION. BUILT IN TRAFFIC from the residences on the 2nd and 3rd floors as well as the walking/commuter traffic from other local business throughout Downtown Providence’s financial center district.

The Arcade is a historic shopping center at 130 Westminster Street and 65 Weybosset Street in downtown Providence, Rhode Island built in 1828. It is notable as the first enclosed shopping mall in the United States and has been lauded as a fine example of commercial Greek Revival architecture. It served as a shopping center for many years but as of October 2013 “The Arcade” has been reintroduced as a residential and commercial mixed-use building. It was declared a National Historic Landmark in 1976. Sale/lease includes 3 units (Parcel: 20-130-023, 123, 122) totaling 1,278SF (412SF is the semi-finished below grade storage area) Also see MLS#1356723

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Listing Details

MLS Number

1356615

Lot Size:

0.47 acres

Features

  • Basement: Partial
  • Restaurant(s)
  • Heating: Central Air
  • Type: Bar/Tavern/Lounge,Restaurant,Retail
  • Year Built: 1828

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Market Trends for Commercial Properties
in Providence

  • Overview
    Homes for Sale Today67-88% decrease in inventory
    New on Market *20-4.8% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$194.27$23 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.

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Listed by Bond Brokerage

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