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101-105 Richmond St
1,305 SF of Retail Space Available in Providence, RI 02903
Highlights
- Parking
- New Build
- Foot Traffic
- Air Conditioning
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 1,305 SF | 10’ | 3-10 Years | $25.00 /SF/YR $2.08 /SF/MO $269.10 /m²/YR $22.42 /m²/MO $2,719 /MO $32,625 /YR | Modified Gross |
1st Floor
Brand new retail space for lease in downtown location (1306 sqf) with parking available for rent directly behind the property. This building is being converted from an abandoned night club into two retail units with residential units on the second floor. The area has seen an immense amount of development in the past year that will generate large volumes of foot traffic. The unit is currently a vanilla box that can be built out by the Owner to fit the needs of the future tenant. The price of $25 /sqf does not include utilities, RE taxes, or CAM charges. Please contact Hilary for more information on pricing and to schedule a showing!
- Listed rate may not include certain utilities, building services and property expenses
- Finished Ceilings: 10’
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 101-105 Richmond St , Providence, RI 02903
| Property Type | Retail | Year Built | 1900 |
| Property Subtype | Storefront Retail/Residential | Parking Ratio | 2.31/1,000 SF |
| Gross Leasable Area | 19,308 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 19,308 SF |
| Year Built | 1900 |
| Parking Ratio | 2.31/1,000 SF |
About the Property
Brand new retail space for lease in downtown location (1139 sqf) with parking available directly behind the property. The area has seen an immense amount of development in the past year that will generate large volumes of foot traffic. The space is ready to be built out by the Owner to meet the needs of the future tenant. Please contact Eli schedule a showing. 401-575-2008 or eli@providenceliving.com
- Bus Line
- Freeway Visibility
- Signage
Nearby Major Retailers
Presented by
Providence Realty Advisors
101-105 Richmond St
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