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65 Weybosset Street, #122 & 123 & 023, Providence, RI, 02903 | $389,000
2 NEWLY RENOVATED COMBINED UNITS! OVER $180, 000 IN UPGRADES! The "First Mall in America" now is offering 1278SF FOR SALE or LEASE includes basement storage. 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
Features
- Property Type: Commercial
- Permitted Use: Investment,Office,Retail
- Utilities: Natural Gas Connected
- Cooling: Central Air
- Amenities: RestaurantHighway Access,Marina,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Sidewalks
- Units: 3
- Zoning: D-1-300
- Year Built: 1828
- Acreage: 0.47
- Est. Taxes: $2,560
- HOA Fee: $247 Monthly
- Lot Desc: Historic District
- MLS#: 1356615
- Website: https://www.raveis.com
/prop/1356615/65weybossetstreet_providence_ri?source=qrflyer
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Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 7654
401.474.4879
Whitney.Rugg@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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65 Weybosset Street, #122 & 123 & 023, Providence, RI, 02903
$389,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Whitney Rugg
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $311,200 | $311,200 | $311,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
| Monthly Tax Payment | $213 | $213 | $213 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,097 | $2,068 | $2,624 |
| Total Monthly Payment | $2,385 | $2,356 | $2,912 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB