55 Pine St - Office/Residential FOR SALE


Providence, RI 02903- Downtown Providence
$2,695,000 USD
401-751-3200
55 Pine St, Providence, RI for Sale
$2,695,000 USD
Office/Residential - FOR SALE
1/48
null | Request Cap Rate

55 Pine St
Providence, RI 02903
Downtown Providence


HIGHLIGHTS

  • Ideal for residential conversion
  • Prime downtown location
  • Surrounded by garage and surface parking options
  • 4200 SF floor plates on 4 floors above existing restaurant

OVERVIEW

A unique opportunity to purchase this 5-story office building with brick and beam construction. Each floor is approximately 4,200 SF and has 2 egress points via stairwells and full building elevator. The building is anchored by the long-standing restaurant Ten Prime Steak & Sushi since 2001. Flexible existing office leases afford the opportunity for a residential conversion with stable income from the anchor restaurant operator.

FOR SALE DETAILS

PRICE

$2,695,000 USD

PRICE/SF

$107 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

B

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

D1-150

APN/PARCEL ID

PROV-200047-000000-000000

ASK ABOUT THIS PROPERTY

Leeds Mitchell IVMG Commercial Real EstateMore Info
401-751-3200

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Leeds Mitchell IVMG Commercial Real EstateMore Info
401-751-3200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.