Washington Trust Building

  • Title

    Office & Retail Building for Sale

  • City

    Providence, RI

  • Price

    $2,750,000

  • Cap Rate

    7.1%

  • Gross Leasable Area

    13,700 SF

  • Price/SF

    $200.73

  • No. Stories

    4

  • Tenancy

    3

  • Year Built

    1890

Not found amenities.

Northeast Private Client Group is pleased to present the Washington Trust Building located on 156 Westminster Street in downtown Providence, RI.

Built in 1890, the Washington Trust Building is a concrete office and retail building located on 156 Westminster Street in Providence, Rhode Island. The Washington Trust building is currently fully occupied with three tenants on leases. All leases have scheduled CAM reimbursements, and some have the option for extensions. This property is equipped with a modern elevator and a state-of-the-art fire/sprinkler system.

Due to it’s location in downtown Providence, Washington Trust Building is ideal for its tenants The property is surrounded by the best shops, restaurant, parks and public amenities that Rhode Island has to offer. The building was awarded a Walk Score of 84, very walk-able, a Transit Score of 77, excellent transit and Bike Score of 83, very bike-able. This type of convenience gives tenants the ability to offer their employees multiple transportation options to and from work as well as a plethora of opportunities for food and drink during breaks. The property is located 0.5 miles from the Providence Train Station and 0.8 miles to I-95.

Providence is the capital of Rhode Island as well as its most populous city with approximately 180,400 residents. The city of Providence is geographically very compact, characteristic of eastern seaboard cities that developed prior to use of the automobile. It is among the most densely populated cities in the country. For this reason, Providence has the eighth-highest percentage of pedestrian commuters. Downtown Providence has numerous 19th-century mercantile buildings in the Federal and Victorian architectural styles, as well as several post-modern and modernist buildings located throughout the area. In particular, a fairly clear spatial separation appears between the areas of pre-1980s development and post-1980s development.

Washington Trust Building Offering Memo