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156-160 Westminster St

15,744 SF 100% Leased Office Building Providence, RI 02903 £1,717,478 (£109/SF) 17.06% Net Initial Yield

Executive Summary

156 Westminster Street, Providence is a 15,744 SF (above grade)
office building located in the heart of Providence's financial district
and is anchored by Washington Trust on the ground floor. Floors 2-4
are ready for residential conversion. Signed, stamped construction
drawings have been completed for 10 residential units (5/floor) on
floors 3 & 4 which can be easily expanded to include the 2nd floor to
total 15 units.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
15,744 SF
Building Class
C
Year Built
1890
Price
£1,717,478
Price Per SF
£109
Net Initial Yield
17.06%
NOI
£293,082
Percent Leased
100%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
3,425 SF
Slab to Slab
10 ft
Building FAR
3.61
Land Acres
0.10 AC
Opportunity Zone
Yes
Zoning
DD - Downtown District

Amenities

  • 24 Hour Access
  • Banking
  • Bus Route

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 2nd Floor
  • 3,300 SF
  • Office/Retail
  • -
  • 30 Days

PROPERTY DESCRIPTION Now available are the 2 top floors of this premier downtown office building totaling 6,600 SF. They are available together or may be leased separately, 3,300 SF/floor. Both floors are nicely appointed and offer perimeter office space and open center bullpen area. LOCATION DESCRIPTION 156-160 Westminster Street is located in the city's Financial District and is surrounded by numerous amenities including restaurants and parking. In addition, it is a short walk to the AMTRAK/MBTA Providence Station. The building is anchored by Washington Trust, who occupies the ground floor.

  • 3rd Floor
  • 3,300 SF
  • Office/Retail
  • -
  • 30 Days

PROPERTY DESCRIPTION Now available are the 2 top floors of this premier downtown office building totaling 6,600 SF. They are available together or may be leased separately, 3,300 SF/floor. Both floors are nicely appointed and offer perimeter office space and open center bullpen area. LOCATION DESCRIPTION 156-160 Westminster Street is located in the city's Financial District and is surrounded by numerous amenities including restaurants and parking. In addition, it is a short walk to the AMTRAK/MBTA Providence Station. The building is anchored by Washington Trust, who occupies the ground floor.

  • 4th Floor
  • 3,300 SF
  • Office/Retail
  • -
  • 30 Days

PROPERTY DESCRIPTION Now available are the 2 top floors of this premier downtown office building totaling 6,600 SF. They are available together or may be leased separately, 3,300 SF/floor. Both floors are nicely appointed and offer perimeter office space and open center bullpen area. LOCATION DESCRIPTION 156-160 Westminster Street is located in the city's Financial District and is surrounded by numerous amenities including restaurants and parking. In addition, it is a short walk to the AMTRAK/MBTA Providence Station. The building is anchored by Washington Trust, who occupies the ground floor.

Space Size Space Use Condition Available
2nd Floor 3,300 SF Office/Retail - 30 Days
3rd Floor 3,300 SF Office/Retail - 30 Days
4th Floor 3,300 SF Office/Retail - 30 Days

2nd Floor

Size
3,300 SF
Space Use
Office/Retail
Condition
-
Available
30 Days

3rd Floor

Size
3,300 SF
Space Use
Office/Retail
Condition
-
Available
30 Days

4th Floor

Size
3,300 SF
Space Use
Office/Retail
Condition
-
Available
30 Days

2nd Floor

Size 3,300 SF
Space Use Office/Retail
Condition -
Available 30 Days

PROPERTY DESCRIPTION Now available are the 2 top floors of this premier downtown office building totaling 6,600 SF. They are available together or may be leased separately, 3,300 SF/floor. Both floors are nicely appointed and offer perimeter office space and open center bullpen area. LOCATION DESCRIPTION 156-160 Westminster Street is located in the city's Financial District and is surrounded by numerous amenities including restaurants and parking. In addition, it is a short walk to the AMTRAK/MBTA Providence Station. The building is anchored by Washington Trust, who occupies the ground floor.

3rd Floor

Size 3,300 SF
Space Use Office/Retail
Condition -
Available 30 Days

PROPERTY DESCRIPTION Now available are the 2 top floors of this premier downtown office building totaling 6,600 SF. They are available together or may be leased separately, 3,300 SF/floor. Both floors are nicely appointed and offer perimeter office space and open center bullpen area. LOCATION DESCRIPTION 156-160 Westminster Street is located in the city's Financial District and is surrounded by numerous amenities including restaurants and parking. In addition, it is a short walk to the AMTRAK/MBTA Providence Station. The building is anchored by Washington Trust, who occupies the ground floor.

4th Floor

Size 3,300 SF
Space Use Office/Retail
Condition -
Available 30 Days

PROPERTY DESCRIPTION Now available are the 2 top floors of this premier downtown office building totaling 6,600 SF. They are available together or may be leased separately, 3,300 SF/floor. Both floors are nicely appointed and offer perimeter office space and open center bullpen area. LOCATION DESCRIPTION 156-160 Westminster Street is located in the city's Financial District and is surrounded by numerous amenities including restaurants and parking. In addition, it is a short walk to the AMTRAK/MBTA Providence Station. The building is anchored by Washington Trust, who occupies the ground floor.

Walk Score ®
Walker's Paradise (99)
Transit Score ®
Excellent Transit (78)
Bike Score ®
Very Bikeable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
PROV-200385-000000-000000
Land Assessment
£369,708
Improvements Assessment
£623,456
Total Assessment
£993,164
  • Listing ID: 31948009

  • Date on Market: 29/05/2024

  • Last Updated:

  • Address: 156-160 Westminster St, Providence, RI 02903

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