Downtown Office Condo!

Office for Sale
Catylist Listing ID: 30796639
Property Subtypes: Executive Suites, Coworking, High-Tech, Mixed Use, Flex Space, Office Building, Other
Condo? Yes
Building Size (RSF): 1,600 SF
Gross Building Area: 58,970 SF
Gross Land Area: 0.25 Acres
Sale Price: $259,900
Ceiling: 10 ft.
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Shakespeare Hall
Class of Space: Class B
Usable Size (USF): 1,600 SF
Sale Terms: Cash to Seller
Cap Rate: 10.0%
Last Updated: 5/17/2022

Overview / Comments

Perfect location in downtown Providence. This Office Condo is across the street from the Court house, practically an office in the court house. Property is currently used as an attorneys office but is open to a variety of owners. The 2 elevators within the building offer easy access to this second floor unit. Bright and and open office space good for group working and private space.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $5,751 (Annual)
Tax Value Land $0
Tax Value Improvements $156,700
Tax Value Personal Property $0
Assessed Value - Total($) $156,700 (Annual)
Potential Rental Income $3,000 (Annual)
Gross Operating Income $36,000 (Annual)
Net Operating Income $25,990 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Tax ID/APN: PR 020-0193-0006
Is Condo?: Yes
Zoning: D1-7
Property Located Between: Pine & Friendship
Property Visibility: Excellent
Highway Access: I-95
Airports: RI Airport
Site Description: Downtown Commercial Building
Area Description: Downtown Financial District
Total Number of Buildings: 1
Number of Stories: 7
Typical SF / Floor: 7,131 SF
Year Built: 1844
Year Renovated: 2010
Roof Type: Flat
Exterior Description: High Visibility
Parking Type: Other
Parking Description: None
Passenger Elevators: 2
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable, Gigabit, Fiber Optic
Interior Description: Perfect location in downtown Providence. This Office Condo is across the street from the Court house, practically an office in the court house. Property is currently used as an attorneys office but is open to a variety of owners. The 2 elevators within the building offer easy access to this second floor unit. Bright and and open office space good for group working and private space.
Zoning Description: Commercial
Water Service: Municipal
Sewer Type: Municipal, Storm

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 33,011 246,518 462,537
Median Age: 28.58 32.66 36.38
Households: 11,772 90,949 180,102

Contact

© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither East Coast Commercial Property Network nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.