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Downtown Providence Mixed-Use Redevelopment
For Sale
$879,000

11 Peck Street, Providence, RI 02903

Mixed-use property in downtown Providence with redevelopment potential.

Property SizeContact for details
Days on Market138

Property Features for 11 Peck Street

General Information

Standard status Active
Property subtype Multi-family

Building Details

Year Built 1920
Listing Agency: Lenox Realty Group
Listed By: Gabe Francis
Source: Milburyre
Added: Mar 29 Changed: Aug 9 Last Checked: Aug 9 at 9:14PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lenox Realty Group

Investment Insights

Based on property information with market context.

Located in the heart of Downtown Providence, this property at 11 Peck St presents a rare offering within an Opportunity Zone. Currently, the building features two small commercial storefronts and seven office suites on the second floor, which is suitable for residential development. Architectural drawings and plans are available for a loft conversion on the second floor, but alternative development plans are also possible. The building could be returned to office use, adapted for a different commercial purpose, or expanded with up to four additional floors. Alternatively, the property could be converted into a single-family residence. The heating, electrical, roof, and exterior structure of the building are reported to be in good condition. The property is located in one of the most desirable locations in downtown Providence and is eligible for various tax credit programs, making it suitable for redevelopment.

Key Highlights

  • Prime location in the heart of Downtown Providence.
  • Located within an Opportunity Zone, offering potential tax benefits.
  • Versatile property suitable for commercial, residential, or mixed‑use development.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Parts Store Daycare Center (Bike/Boat/Book/etc) Store Pet Store Pet Grooming Service Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,769
Businesses Nearby

Demographics for 02903, RI

13,264
Population
6,588
Households
2
Avg Household Size
33
Median Age
53%
College-Educated
89%
High-School Grad
1.7 sq mi
ZIP Area
7,802
Density / Sq Mi
$62,987
Median Household Income
$40,294
Median Earnings
$1,640
Median Rent
$365,600
Median Home Value

Market

Vacancy Rate% for Office in Providence, RI

11.3% 2019
11.9% 2020
11.1% 2021
12.7% 2022
12.3% 2023
12.6% 2024
12.8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use property in downtown Providence with redevelopment potential.
Where is this mixed-use property located?
The property is located at 11 Peck Street Providence, RI.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: Prime location in the heart of Downtown Providence.; Located within an Opportunity Zone, offering potential tax benefits.; Versatile property suitable for commercial, residential, or mixed‑use development.
More about this property
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