521 Main StProvidence, RI 02903

Property Details for 521 Main St

Year built

1985

Property size (Sq ft)

647 SF

Zone code

W-2

Property type

Office properties

Property subtype

Other office properties

APN

PROV M:18 L:8 U:521

APU

PROVM18L8U521

Description

This exceptional 775,000 USD office condo, located at 521 S Main Street Unit 114 in Providence, Rhode Island's desirable Fox Point neighborhood, presents a unique opportunity for businesses seeking a sophisticated and functional workspace. Situated within the Corliss Landing complex, this property offers unparalleled views and a tranquil environment. The interior boasts a spacious, recently renovated layout featuring high-end fixtures and finishes, creating a professional and inviting atmosphere. Two bathrooms and a conveniently located kitchenette add to the overall functionality and comfort. The versatile design makes this space adaptable to a wide range of business needs and industries. The building's prime location provides excellent visibility and accessibility, ensuring your business enjoys a prominent presence. The surrounding landscape, characterized by lush green spaces and water views, offers a serene and inspiring setting for both employees and clients. This is an ideal location for businesses seeking a blend of modern aesthetics, functional design, and a peaceful, yet highly visible, location within Providence. The property is a general commercial space, and while the exact square footage is not currently available, the spacious layout is evident. The lot size is 0 acres. This property offers a rare combination of style, functionality, and location, making it an exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $106,968

  6.5%

  $98,740

  7%

  $91,687

• Comparable approach

  Method

  Valuation

  Relative Method

  $84,537

  Geo Method

  $84,537

• Alternative Use

  Use

  Valuation

  Residential

  $122,438

  Hospitality

  $112,152

  Educational

  $93,309

  Medical

  $96,518

  Retail

  $145,148

Location Insight

City

Providence

County

Providence

State

Rhode Island

Latitude

41.8181

Longitude

-71.4014

CBSA code

39300

CBSA name

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

Property Tax & Assessments

FAQs

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