136 Westminster StProvidence, RI 02903

Property Details for 136 Westminster St

Year built

1920

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.18 AC

Property size (Sq ft)

33,738 SF

Zone code

D-1-30

Property type

Showrooms

APN

PROV M:20 L:366

APU

PROVM20L366

Description

The Lauderdale Building, a classic 5-story structure at 136 Westminster St, Providence, RI 02903, offers exceptional retail space in the heart of downtown. Built in 1894, this landmark building boasts 33,738 square feet and features two available suites, ranging from 1,963 to 2,563 contiguous square feet. A minimum of 2,100 square feet is divisible. The total vacant space amounts to 4,663 square feet. The property sits on a 7,790 square foot lot and is zoned D-1-30. Its strategic location at the base of College Hill, within the I-195 Redevelopment District and Jewelry District, provides unparalleled access to high foot traffic and visibility. Westminster Street, known for its vibrant culinary scene, shopping, and hotels, ensures a bustling environment. The building's classic architectural details add to its charm and appeal, making it an ideal location for businesses seeking a prestigious address in a thriving urban setting. The APN is 200366, located in Providence County.

• CAP approach

  CAP return

  Valuation

  6%

  $6,382,150

  6.5%

  $5,891,220

  7%

  $5,470,420

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,584,540

  Geo Method

  $4,584,540

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $11,488,400

  Mixed-Use / Specialty

  $5,870,210

  Hospitality / Lodging

  $4,306,790

  Office

  $5,835,340

  Institutional / Educational

  $6,102,660

  Residential Income

  $7,140,110

  Multifamily

  $8,563,460

  Automotive / Energy

  $5,230,850

  Parking / Income-Based Land

  $1,805,100

  Restaurant / Food Service

  $3,053,140

  Healthcare / Senior Housing

  $6,019,800

Location Insight

City

Providence

County

Providence

State

Rhode Island

Latitude

41.8239

Longitude

-71.4108

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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