Retail-Commercial for Lease
Catylist Listing ID: 30793743
Property Subtypes: Restaurant, Tavern/Bar/Nightclub, Other
Contiguous Space: 3,270 SF
Gross Building Area: 5,960 SF
Gross Land Area: 4,792 SF
Lease Rate: $7,500 (Monthly)
$27.52 PSF (Annual)
Lease Types: NNN
Ceiling: 18 ft.
In Opportunity Zone? Yes
Building Name: Providence Institution For Savings
Usable Size (USF): 3,270 SF
Core Factor: 18%
Last Updated: 5/17/2022

Overview / Comments

Ideal site for restaurant, bar, fast food chain, could also be a great site for for dispensary. 1917 Westminster Street has operated as a bank since 1927, the building is approximately 2,850Sq./ft. on the 1st level, with a 420 sq/ft mezzanine and a full usable basement with 6'+ ceiling height (6k sq./ ft. total) Formerly a CitizensBank located on the west side of Providence in the heart of Olneyville this site has parking available for 40+ cars. The potential for a drive-up window or outdoor dining / biergarten makes it an ideal location. Building Dimensions are approx 35W x 84L with 15-18’ ceilings (The removal of the dropo ceiling to expose the original domed ceiling could extend the ceiling height another 5' ) Ample gas and water service support 2 tandem boilers making this site easily converted into a restaurant, lounge or something other than a financial institution. Interior of the building has been removed to an almost vanilla box and is ready for design / build-out.

Expand All Available Space

Suite: 1 3,270 SF $7,500 (Monthly) NNN
Space Available: 3,270 SF
Lease Rate: $7,500 (Monthly)
$27.52 PSF (Annual)
Lease Type: NNN
Date Available: 3/16/2022
Lease Term: 60 Months
Space Type: New

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Tax ID/APN: PR 035-0302
Retail Clientele: General, Business, Other
Property Located Between: Freeway Car Wash and Olneyville New York System
Property Visibility: Excellent
Largest Nearby Street: Broadway
Feet of Frontage: 84
Traffic/Vehicle Count: 20,000
Highway Access: Yes. Immediate access to RT-10, RT-6
Airports: Green Airport
Site Description: Former Citizens Bank site
Area Description: Urban, local and regional businesses
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 3,000 SF
Property Condition: Good
Year Built: 1932
Roof Type: Flat
Parking Type: Surface
Parking Description: Rear and side of building
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Interior Description: near vanilla box
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 63,582 249,630 438,253
Median Age: 28.9 33.08 36.32
Households: 21,746 92,223 170,556


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