371 BroadwayProvidence, RI 02909

Property Details for 371 Broadway

Year built

1900

Construction

FRAME

Lot size

0.17 AC

Property size (Sq ft)

4,291 SF

Zone code

R-P

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

PROV M:33 L:305

APU

PROVM33L305

Description

This exceptional 500-square-foot executive office space is situated in a desirable Providence, Rhode Island location at 371 Broadway. Located in a mixed-use building on historic Broadway, this single-tenant space is perfect for a small business or satellite office seeking a convenient and established address. The building, constructed in 1910, is a two-story structure offering a total of 3,000 square feet. This particular unit boasts impressive 11-foot ceilings, providing a spacious and airy feel. The property includes ample off-street parking with 20 spaces available for tenants and building occupants. All utilities are included in the lease, simplifying budgeting and management. The building is classified as Class C and is owner-occupied, ensuring a well-maintained and secure environment. The convenient location on Broadway in Providence County, RI (zip code 02909) offers excellent accessibility and visibility. This is a rare opportunity to secure a well-appointed office space in a thriving urban setting with all the conveniences included. The lower-level location provides a quiet and private workspace. Don't miss this chance to establish your business in this prime Providence location.

• CAP approach

  CAP return

  Valuation

  6%

  $709,430

  6.5%

  $654,859

  7%

  $608,083

• Comparable approach

  Method

  Valuation

  Relative Method

  $560,662

  Geo Method

  $560,662

• Alternative Use

  Use

  Valuation

  Residential

  $812,025

  Hospitality

  $743,811

  Educational

  $618,842

  Medical

  $640,125

  Retail

  $962,643

Location Insight

City

Providence

County

Providence

State

Rhode Island

Latitude

41.8199

Longitude

-71.4303

CBSA code

39300

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].