36 Exchange TerProvidence, RI 02903

Property Details for 36 Exchange Ter

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.30 AC

Property size (Sq ft)

18,648 SF

Zone code

D-1-10

Property type

Showrooms

APN

PROV M:19 L:139

APU

PROVM19L139

Description

This exceptional three-story office building, totaling 18,648 square feet, is ideally situated in the heart of downtown Providence. Currently, 12,432 square feet of versatile office space is available, offering a unique opportunity for businesses seeking a prominent location. The building is divisible, allowing for lease options as small as approximately 6,216 square feet, catering to a range of tenant needs. Enjoy convenient access to amenities, including the Union Station Food Hall and Track 15, all within walking distance. The property boasts stunning city views and is conveniently located near the train station, Providence Place Mall, the Rhode Island Convention Center, Providence City Hall, and Kennedy Plaza, providing unparalleled accessibility. The building features an ADA-compliant design and a passenger elevator for ease of access. The lot size is 12,978 square feet, and the property is zoned D-1-100 in Providence County. This is a rare opportunity to secure a prestigious office space in a thriving urban environment. The building's multiple tenancy allows for flexibility in lease terms and configurations. This prime location offers unparalleled convenience and visibility for any business.

• CAP approach

  CAP return

  Valuation

  6%

  $4,532,115

  6.5%

  $4,183,491

  7%

  $3,884,670

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,140,100

  Geo Method

  $6,140,100

• Alternative Use

  Use

  Valuation

  Residential

  $3,528,931

  Hospitality

  $3,232,482

  Educational

  $2,689,387

  Medical

  $2,781,879

  Retail

  $4,183,491

Location Insight

City

Providence

County

Providence

State

Rhode Island

Latitude

41.8256

Longitude

-71.4139

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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