For Sale
$2,225,000

875 Westminster St Providence, RI 02903

Prime Providence location, high visibility, development potential.

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional commercial property, located at 875 Westminster Street in Providence, Rhode Island, presents a unique investment opportunity. Priced at $2,225,000, this 19,625 square foot lot offers significant potential for redevelopment or continued operation as a thriving business. Currently configured as a three-level commercial space, previously housing a pawn, furniture, and jewelry shop, the building boasts convenient features including an elevator, a truck loading door, and a comprehensive security alarm system. The property also includes a substantial parking lot with approximately 18 off-street spaces, a significant advantage in a high-traffic area. Situated in a bustling section of Providence, this property benefits from high foot traffic and excellent customer visibility. Its prime location near the downtown area makes it an attractive option for a wide range of businesses. The existing business has operated successfully for many years, providing a strong foundation for future success. This versatile property is ideal for an investor seeking a strong return or an owner-occupant looking to relocate their business to a high-profile location. The combination of location, size, and existing infrastructure makes this a truly exceptional opportunity in a dynamic commercial hub. The property's zoning and potential uses should be independently verified.

Highlights

  • $2,225,000 asking price.
  • 19,625 square foot lot.
  • Prime Providence, RI location with high foot traffic.
  • Three-story building with elevator access.
  • 18 off-street parking spaces.
  • Existing business (pawn, furniture, and jewelry shop) with long history.

Property Details for 875 Westminster St

Property type
Specialty properties, Land

Location Insight

City
Providence
County
Providence
State
Rhode Island
Latitude
41.8176717
Longitude
-71.4226443

FAQs

What type of property is this?
Specialty property - Prime Providence location, high visibility, development potential.
Where is the specialty property located?
The property is located at 875 Westminster St Providence, RI.
What is the asking price?
The asking price for this property is $2,225,000.
What are key features of this property?
This property features: $2,225,000 asking price.; 19,625 square foot lot.; Prime Providence, RI location with high foot traffic.
How can I contact the broker?
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875 Westminster St
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