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    227 Thayer St Providence, RI 02906

    For Sale
    $79,900

    Commercial,Business - Providence, RI

    Days on Market:
    129
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 227 Thayer St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Exterior features
    Strip Store, Urban

    Building Details

    Year built
    1976
    Building materials
    Brick
    Architectural style
    Other

    Westcott Properties Inc (401) 421-5300 [email protected]

    Listing agent Melissa Riley (401) 421-5300

    Listing date Jul 30, 2025

    MLS# 1382300 Listing URL

    Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Thayer Street Business Opportunity

    This is a business opportunity located on Thayer Street in Providence, Rhode Island. Situated in a high-traffic area adjacent to Brown University and near RISD, the location benefits from a customer base of students, faculty, locals, and tourists. The surrounding area features historic architecture, boutiques, cafes, and cultural landmarks. This established business is fully operational.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    SameDay-FlowerDelivery, Four Buds Floral Studio, Lofty Designs Florist | Flower Delivery Providence RI, Rhode Island Builders, Rhode Island Flower Show

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.401102
    Latitude
    41.829351

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    FAQs

    What type of property is this?
    Storefront property - Prime business opportunity in a high-traffic Providence location.
    Where is this storefront property located?
    The property is located at 227 Thayer St Providence, RI.
    What is the asking price?
    The asking price for this property is $79,900.
    What are key features of this property?
    This property features: - Prime location on Thayer Street, Providence's most vibrant and high-traffic corridor.; - Adjacent to Brown University and steps from RISD, providing a built-in customer base.; - Turnkey operation: a fully operational business ready to generate income.
    (401) 421-5300
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    227 Thayer St Providence, RI 02906
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