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21 Peace St
Providence, RI 02907
Former Hospital | Redevelopment Potential · Office Property For Sale
Investment Highlights
- Redevelopment opportunity in one of the most dynamic markets in Northeast. Currently built-out as hospital with multifamily development potential.
- Favorable zoning allows for by-right multifamily, educational, healthcare, office, medical, and research uses.
- Magnet for a diverse group of biotechnology, pharmaceutical and medical device companies Beech Tree Labs, EpiVax, Nabsys, and Johnson & Johnson.
- Fantastic transit access, located less than 2 miles away from Providence Station, providing convenient access to RI, MA, and NY.
- Providence serves as home to a significant medical-academic cluster highlighted by Brown University, Hasbro Children’s Hospital, and others.
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
246,733 SF
Building Class
C
Year Built
1960
Tenancy
Multiple
Building Height
9 Stories
Typical Floor Size
30,752 SF
Slab To Slab
10’2”
Building FAR
1.72
Lot Size
3.30 AC
Zoning
C-2 - Commercial
Parking
220 Spaces (0.79 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Bus Line
Property Taxes
| Parcel Numbers | Improvements Assessment | $7,640,700 | |
| Land Assessment | $5,684,100 | Total Assessment | $13,324,800 |
Property Taxes
Parcel Numbers
Land Assessment
$5,684,100
Improvements Assessment
$7,640,700
Total Assessment
$13,324,800
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