146 Westminster StProvidence, RI 02903

Property Details for 146 Westminster St

Year built

1865

Property size (Sq ft)

3,224 SF

Zone code

D-1-30

Property type

Office properties

Property subtype

Other office properties

APN

PROV M:20 L:132 U:3

APU

PROVM20L132U3

Description

This exceptional offering presents a rare opportunity to acquire prestigious executive office space at 146 Westminster Street in Providence, Rhode Island's vibrant Financial District. The property, situated in a historic building with a recently renovated lobby, offers flexible floor plans ranging from 4,538 to 8,570 square feet. Each floor boasts approximately 4,285 square feet and is sub-dividable, catering to a variety of business needs. Units feature modern design elements including high ceilings, rich wood accents, and abundant natural light streaming in from large windows on three sides of the building. The space is ideal for owner-occupiers seeking a sophisticated and functional workspace or for investors looking for a strong return in a prime location. The asking price is $147 per square foot. This is a truly unique opportunity to secure a highly desirable property in the heart of Providence's thriving business center. The building's recent lobby renovation complements the modern interior finishes, creating a professional and welcoming atmosphere. The combination of historical charm and contemporary upgrades makes this an unparalleled investment or owner-user opportunity. Don't miss this chance to own a piece of Providence's prestigious business landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $633,162

  6.5%

  $584,457

  7%

  $542,710

• Comparable approach

  Method

  Valuation

  Relative Method

  $421,248

  Geo Method

  $421,248

• Alternative Use

  Use

  Valuation

  Residential

  $724,727

  Hospitality

  $663,846

  Educational

  $552,312

  Medical

  $571,307

  Retail

  $859,152

Location Insight

City

Providence

County

Providence

State

Rhode Island

Latitude

41.8238

Longitude

-71.411

CBSA code

39300

CBSA name

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

Property Tax & Assessments

FAQs

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