875 Westminster StProvidence, RI 02903

Property Details for 875 Westminster St

Property type

Specialty properties

Property subtype

Land

Description

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.

Location Insight

City

Providence

County

Providence

State

Rhode Island

Latitude

41.8177

Longitude

-71.4226

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