This Retail Property is Off-Market.

385 South Main Street
Providence, RI 02903 ·

12,050 SF · Retail For Sale

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385 South Main

Price N/A Commission Split 1%
Building Size 12,050 SF Cap Rate 8.80%
Property Type Retail Occupancy 80%
Property Sub-type Free Standing Bldg No. Stories 3
Property Use Type Net Lease Investment with 10+ years left on lease Tenancy Multiple
Listing ID: 15899341 Date Created: 09/18/2008 Last Updated: 11/12/2008

Description

Denenberg Realty Advisors has been exclusively retained to market for sale, the fee simple interest in this well positioned 12,050 SF mixed-use retail/office building located at 385 South Main Street Providence, RI, across from Brown University, Providence Court House and next to the Rhode Island School of Design and The Rhode Island Hospital.

This historic office building built for George Earle in 1872 sits at the corner of South Main Street and James Street. The building has a finished basement, first floor retail and office space above, which gives the building 12,050 gross square feet of space. The property is currently zoned for commercial (C2) use and has deeded to it six parking spaces in the parking lot just adjacent to the building off of South Water Street. Over the years the building has gone through numerous renovations most recently plumbing, electric, and HVAC, were all replaced four years ago. In addition each floor level has been separately metered. On the front of the building there is a 2' -0 x4' -0 sign as well as two 14' -0 x2' -0 signs on the rear of the building. New elevator service is currently being installed making this historic buil

385 South Main Street is located in the South Main District of Providence. The property sits directly across from Brown University and The Court House. Located near by is Rhode Island School of Design (RISD) and The Rhode Island Hospital. 385 South Main is well positioned with excellent accessibility from I-195 & I-95.

Highlights

  • NEWLY RENOVATED
  • 6 DEEDED PARKING SPACES
  • ADA COMPLIANT
  • NEW ELEVATOR
  • VALUE-ADD
  • EXCELLENT LOCATION

Research

385 South Main Street, Providence, RI 02903 (Providence County)

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