Address
130 Westminster Street 114, Providence, RI
Price
$ 1,500
Property Attributes
- MLS#1350145
- TypeCom Lease
- CountyPROVIDENCE
- CityProvidence
- NeighborhoodDowntown
- Zip02903
- StyleCommercial
- Price$ 1,500
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage422
Data Source:
Rhode Island Statewide MLS (RIAR)
Property Description
Commercial lease available immediately in iconic Arcade building, a stately and historic landmark located in the heart of Downtown Providence with 17 retail shops and 3 established restaurants inside. The Arcade is located directly across the street from the infamous "Superman building" or Industrial Trust Tower, where work has begun converting space inside into 285 apartments with ground level shops and retails stores to be completed 2024. Current owner has 2 units side-by-side with removed wall for increased space but can replace if needed. Space is tastefully renovated and immaculately clean with main room, reception area, and private back room. Perfect for nail salon, lash salon, or beauty-related business, but will consider any retail or office space usage. Perfect for new or established businesses. Unit is 411 sq ft on ground floor directly inside the Westminster Street entry. Access to common bathroom, storage, high speed internet, and convenient parking lot with flat rate of $5 as well as street parking. Utilities negotiable depending on business with monthly lease cost of $1500/mo with flexible terms. Area has foot traffic as well as local business traffic year-round with large increase expected with completion of nearby apartments. Come bring your business to the oldest shopping mall in America! Please note: Only one of two units available for lease, owner is retaining one unit.
| Price History | |
|---|---|
| 12/28/2023 | Listed $1,500 |
General Features
| Sewer | Connected,Sanitary |
|---|---|
| Heating | ForcedAir |
| Cooling | CentralAir |
| Utilities | CableAvailable,ElectricityAvailable,NaturalGasConnected,NaturalGasNotAvailable,MunicipalUtilities,WaterConnected,SewerConnected |
| Possession | Immediately |
| Security Features | ClosedCircuitCameras,FireAlarm,FireSprinklerSystem,SmokeDetectors,VariesByUnit |
| Construction Materials | Masonry |
| Year Built | 1828 |
| Electric | Item200AmpService |
| Stories | 2 |
| Levels | Two |
| Unit Number | 114 |
| Property SubType | Commercial |
| Tax Year | 2023 |
| OwnerPays | AllUtilities |
| Business Type | Accounting,ArtsandEntertainment,AdministrativeandSupport,Advertising,BarberBeauty,Clothing,GiftShop,Retail |
| Community Features | Clubhouse,HighwayAccess,NearSchools,PublicTransportation,RecreationArea,Restaurant,Shopping,HighTrafficLocation,StreetLights,Sidewalks |
| Building Name | Arcade |
| County | Providence |
| New Construction | No |
| Property Type | CommercialLease |
| Association Amenities | Restaurant,RecreationRoom |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Subdivision Name | Downtown |
| Possible Use | Commercial,MedicalDental,Office,Retail |
| Garage Y/N | No |
| Building Features | PublicRestrooms |
| Status | Active |
| City | Providence |
| Buyer Agent Compensation | 500 |
| View Y/N | No |
| Senior Community Y/N | No |
| Total Units | 1 |
| Lot Size Square Feet | 0.0 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | Westminster |
| Property Attached Y/N | No |
| Land Lease Y/N | No |
| Tax Annual Amount | 0.0 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Virtual Tour | https://tour.RiLiving.com/130-Westminster-ST-Unit114-Providence-RI-02906 |
| Days on Market | 120 |
| Standard Status | Active |
| Tax Assessed Value | 14300 |
| Tax Lot | 130 |
| Property Sub Type Additional | Commercial |
| MobileHomeRemainsYN | No |
Interior Features
| Basement | Partial |
|---|---|
| Furnished Y/N | Furnished |
| Total Stories | 2 |
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Above Grade Finished Area | 422.0 |
| Street Suffix | Street |
| Electric On Property Y/N | No |
Exterior Features
| Lot Features | HistoricDistrict |
|---|---|
| Water Source | Connected,Public |
| Total Parking | 0.0 |
| Inclusions | Beauty equipment in place may be utilized by tenant. |
| Lot Size Area | 0.0 |
| Foundation Details | Combination |
| Number of Buildings | 1 |
| Spa | No |
| Building Area Total | 422.0 |
| Road Surface Type | Asphalt |
| Lot Size Units | SquareFeet |
| Road Frontage Type | CityStreet |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Com Lease Average in 02903
Price
Visits
Year Built
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