130 Westminster Street 122 & 123 & 023 Providence, RI $ 450,000
130 Westminster Street 122 & 123 & 023
$ 450,000
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130 Westminster Street 122 & 123 & 023

Providence, RI, 02903
$ 450,000
Baths0.0 Sq 1,278

Monthly Estimate*

$ 3,143

130 Westminster Street 122 & 123 & 023, Providence, RI 02903 - Image 1
130 Westminster Street 122 & 123 & 023, Providence, RI 02903 - Image 2
130 Westminster Street 122 & 123 & 023, Providence, RI 02903 - Image 3
130 Westminster Street 122 & 123 & 023, Providence, RI 02903 - Image 4
130 Westminster Street 122 & 123 & 023, Providence, RI 02903 - Image 5
130 Westminster Street 122 & 123 & 023, Providence, RI 02903 - Image 6
130 Westminster Street 122 & 123 & 023, Providence, RI 02903 - Image 7
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Studio

Commercial Property for sale in Providence, RI

for $450,000. This 1,278 square foot building was built in 1828 on a lot size of 0.471.

196 Years Strong! The "First Mall in America" now is offering 1278SF FOR SALE or LEASE. Currently set up for "fast casual" food service. Unit is in excellent, turn key condition in a PRIME DOWNTOWN LOCATION. BUILT IN TRAFFIC from the residences on the 2nd and 3rd floors as well as the walking/commuter traffic from other local business throughout Downtown Providence's financial center district. The Arcade is a historic shopping center at 130 Westminster Street and 65 Weybosset Street in downtown Providence, Rhode Island built in 1828. It is notable as the first enclosed shopping mall in the United States and has been lauded as a fine example of commercial Greek Revival architecture. It served as a shopping center for many years but as of October 2013 "The Arcade" has been reintroduced as a residential and commercial mixed-use building. It was declared a National Historic Landmark in 1976. Sale/lease includes 3 units (Parcel: 20-130-023, 123, 122) totaling 1,278SF (412SF is the semi-finished below grade storage area) Also see MLS#1356723

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Commercial Active

Price

$ 450,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 2,560

Style

Commercial

Lot Size

0.471

Year Built

1828

Town/City

Providence

County/Region

Providence

MLS | Web ID

1356615

Features
General
Cooling CentralAir
Utilities NaturalGasConnected
Possession Negotiable
Zoning D-1-300
HOA 247.0
Security Features BuildingSecurity ClosedCircuitCameras FireAlarm FireSprinklerSystem
Year Built 1828
Electric Item200AmpService
Unit Number 122 & 123 & 023
Property SubType Commercial
Tax Year 2023
Business Type BarTavernLounge Restaurant Retail
Community Features HighwayAccess Marina NearHospital NearSchools PublicTransportation RecreationArea Restaurant Shopping Sidewalks
Building Name The Arcade
Assoc Fee Paid Per Monthly
County Providence
New Construction N
Property Type CommercialSale
Association Amenities Restaurant
HOA / Comm Assn N
Attached Garage N
Subdivision Name Downtown The Arcade
Possible Use Investment Office Retail
Garage Y/N N
Status Active
City Providence
Buyer Agent Compensation 0
View Y/N N
Senior Community Y/N N
Total Units 3
Lot Size Square Feet 20530.0
Waterfront Y/N N
Carport Y/N N
Street Name Westminster
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 2560.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N Y
Rent Control Y/N N
Virtual Tour https://tour.RiLiving.com/130-Westminster-ST-Unit122-123-023-Providence-RI-02903
Days on Market 11
Standard Status Active
Occupancy Description Tenant
Tax Assessed Value 200900
Tax Lot 023/122/123
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Interior
Basement Partial
Total Stories 0
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 1278.0
Street Suffix Street
Electric On Property Y/N N
Total Baths 0
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Exterior
Lot Features HistoricDistrict
Water Source WaterTapFee
Total Parking 0.0
Lot Size Area 20530.0
Foundation Details ConcretePerimeter
Number of Buildings 1
Spa N
Building Area Total 1278.0
Lot Size Acres 0.471
Lot Size Units SquareFeet
Road Frontage Type CityStreet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 130
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* Excluded Features
List By
Bond Brokerage

Broker

martonemoves@gmail.com

Email

Affordability Calculator

$3,357
Per Month
94%
6%
0%
Monthly Principal & Interest
$3,143
Monthly Property Taxes
$213
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
248553 Elementary School
248554 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/13/2024$450,000 Listed Price

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130 Westminster Street 122 & 123 & 023, Providence, RI, 02903 is a Commercial Property for sale at $450,000 with 1,278 sqft and a lot size of 0.471. 130 Westminster Street 122 & 123 & 023 is a studio with 0.0 baths and was built in 1828. The property's zip code is 02903 which is in Providence, RI