403 South Main Street

Retail-Commercial for Sale
Catylist Listing ID: 30108029
Property Subtypes: Free-Standing Building, Mixed Use, Parking Facility, Street Retail
Building Size (RSF): 5,100 SF
Sale Price: $1,200,000
Unit Price: $235.29 PSF
Property Use Type: Investment, Business
Building Name: Dolphin House
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 2/22/2018

Overview / Comments

The Historic Dolphin House at 403 South Main Street is a 3 story Retail / Office / Service Building with ample on site parking located is one of the most desirable Neighborhood Locations in the City of Providence, RI, bordering the East Side's College Hill and the Providence River/Downtown Providence. This free standing commercial building has been fully renovated, including all systems and finishes and is currently fully leased, with some flexibility on occupancy for a owner/user of the space. The large parking area offers valuable on site parking and the opportunity for additional building development on site.
This property offers an rare opportunity to own a Beautiful Historic Building on South Main Street with excess land for convenient parking or development.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Retail Clientele: General, Business
Property Visibility: Excellent
Largest Nearby Street: Corner of South Main and James Street near Wickenden Street
Highway Access: Excellent access to interstate 195 and 95
Site Description: Paved site with substantial parking or excess land for development.
Area Description: 403 South Main is located at the edge of the East Side College Hill Neighborhood and Downtown Providence overlooking the Providence River.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 1,500 SF
Property Condition: Excellent
Year Built: 1800
Year Renovated: 2012
Construction/Siding: Wood Siding
Exterior Description: Clapboard
Total Parking Spaces: 15
Parking Type: Surface
Parking Description: paved parking for 15 cars
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Historic Dolphin House with original details, 8 fireplaces, post and beam construction, fully renovated.
Zoning Description: C-2 Commercial allowing many uses including residential, office, retail, mixed use, commercial, hotel, restaurant, etc.
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 28,553 244,953 453,982
Median Age: 28.24 32.99 36.35
Households: 10,183 90,819 176,701
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