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130 Westminster Street, #114, Providence, RI, 02903 | $1,000
Commercial lease available immediately in iconic Arcade building, a stately and historic landmark located in the heart of Downtown Providence with 17 retail shops and 3 established restaurants inside. Current owner has 2 units side-by-side with removed wall for increased space but will be replaced when leased. Space is tastefully renovated and immaculately clean with main room, reception area, and private back room. Perfect for nail salon, lash salon, or beauty-related business, but would also be perfect for office (legal or administrative). Perfect for new or established businesses. Unit is 422 sq ft on ground floor directly inside the Westminster Street entry. Access to common bathroom, storage, high speed internet, and convenient parking lot with flat rate of $5 as well as street parking. Utilities negotiable with flexible terms. Please note: Only one of two units available for lease, owner is retaining larger unit. Basement storage space also available for additional fee. The Arcade is located directly across the street from the infamous "Superman building" or Industrial Trust Tower, where work has begun converting space inside into 285 apartments with ground level shops and retails stores. Come bring your business to the oldest shopping mall in America!
Features
- Property Type: Commercial
- Permitted Use: Commercial,Medical/Dental,Office,Retail
- Construction: Masonry
- Utilities: Cable Available,Electricity Available,Natural Gas Connected,Natural Gas Not Available,Municipal Utilities,Water Connected,Sewer Connected
- Heating: Forced Air
- Cooling: Central Air
- Amenities: Restaurant,Recreation RoomClubhouse,Highway Access,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,High Traffic Location,Street Lights,Sidewalks
- Units: 1
- Year Built: 1828
- Est. Taxes: $0
- Lot Desc: Historic District
- MLS#: 1360830
- Website: https://www.raveis.com
/prop/1360830/130westminsterstreet_providence_ri?source=qrflyer
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William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
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To learn more about our credentials, visit raveis.com today.
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
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Allen GellermanInsurance Sales Director, William Raveis Insurance
617.686.2668
Allen.Gellerman@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
130 Westminster Street, #114, Providence, RI, 02903
$1,000
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 | $800 | $800 | $800 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $6 | $5 | $7 |
| Total Monthly Payment | $81 | $80 | $82 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB