Overview
- Updated On:
- June 15, 2024
Description
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. 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. 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 411 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 depending on business with monthly lease cost of $1200/mo with flexible terms. Area has foot traffic as well as local business traffic year-round with large increase expected with completion of nearby apartments. Come bring your business to the oldest shopping mall in America! Please note: Only one of two units available for lease, owner is retaining one unit.
- Principal and Interest
- Property Tax
- HOA fee
