Industrial Properties for sale in Providence, Rhode Island, offer a unique investment opportunity in a city with a rich history and diverse economy. As the capital and most populous city in the state, Providence has a strong presence of institutions of higher learning, hospitals, and service industries, making it an attractive location for industrial investments. Industrial Properties in Providence can represent a range of investments, from warehouses and manufacturing facilities to research and development spaces. With its strategic location at the mouth of the Providence River, the city has a long history of industrial activity, and its economy has shifted towards service industries while still retaining some manufacturing activity. Providence's amenities, infrastructure, location, education, and geography make it an attractive place to invest in Industrial Properties. The city is home to several institutions of higher learning, including Brown University, Johnson & Wales University, and Rhode Island School of Design, providing a skilled workforce. Additionally, Providence's location near the city of Boston and Hartford makes it an ideal spot for industrial investments. The city's attractions, such as Waterplace Park and the Riverwalk, Roger Williams Park, and Prospect Terrace Park, also make it a great place for business and travel.
Providence's Industrial Properties for sale offer a range of opportunities for investors. With 26 listings available, investors can find properties that suit their needs. The average price per square foot for Industrial Properties in Providence is $124 USD, and the average size is 59,504 square feet. The largest Industrial Property available is 314,839 square feet. In addition to Industrial Properties, Providence also offers other property types, such as Warehouses, with their own unique characteristics and investment opportunities. Land is also available for development, offering a blank canvas for investors. Apartment Buildings and Commercial Real Estate round out the range of property types available in Providence. With its diverse economy, rich history, and attractive amenities, Providence is an ideal location for industrial investments. Industrial Properties in Providence offer a unique opportunity to invest in a city that is poised for growth and development.
What is the average price per square foot for industrial properties in Providence?
The average price per square foot for industrial properties in Providence is $124 USD per square foot, with 26 available listings ranging in size from 59,504 square feet to 314,839 square feet, offering investors and businesses a range of options to suit their needs.
How do location and transportation access affect industrial property values?
Location and transportation access play a significant role in determining industrial property values in Providence, Rhode Island, as they impact the ease of doing business, accessibility to suppliers and customers, and overall operational efficiency.
- Proximity to major transportation facilities, such as T. F. Green Airport, Providence Station, and the Port of Providence, can increase property values due to the convenience and cost savings they offer.
- Industrial properties located near major highways, like I-95 and I-195, may command higher prices due to their accessibility and connectivity to regional markets.
- Properties situated in areas with limited transportation options or congested roads may see lower values, as they may be less attractive to businesses that rely on efficient logistics and supply chain management.
