Mixed-Use Building with
11 Peck Street, Providence, RI 02903
For Sale
$829,000
Commercial/Business,Commercial Sale, Providence, RI
Property Size2,771 SF
Lot Size0.04 Acres
Price / SF$299.17
Days on Market48
Property Features for 11 Peck Street
General Information
Property type
Property subtype
Lot features
Standard status
Size
Lot size
Additional Details
Mixed-Use Components
Taxes and HOA fees
Tax Year
Tax Annual Amount
Building Details
Year built
Number of units
Building materials
Buildings
Listing Agency:
Lenox Realty Group
(401) 572-3322
Listed By:
Gabe Francis · License RI REB.0016894
(617) 513-9156
Added: Sep 24
Changed: Oct 28
Last Checked: Nov 10 at 7:06AM
MLS# 1424287
Copyright © 2026 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.
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Investment Insights
Based on property information with market context.
At 11 Peck Street in downtown Providence, this 2,771-square-foot brick building contains two commercial storefronts and seven office suites on the second floor. Built in 1920, it sits on a 0.043-acre parcel. The heating and electrical systems, roof, and exterior structure are described as being in good condition.
The property is within an Opportunity Zone. The listing describes the possibility of adding four floors, as well as alternative commercial, office, or residential configurations; these are redevelopment concepts, not stated approvals.
The property is within an Opportunity Zone. The listing describes the possibility of adding four floors, as well as alternative commercial, office, or residential configurations; these are redevelopment concepts, not stated approvals.
Key Highlights
- Two commercial storefronts and 7 second‑floor office suites
- 2,771 square feet on a 0.043‑acre parcel
- Brick construction; built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,253
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$825,060
$825.1K
Cap Rate 7%
$589,329
$589.3K
Cap Rate 9%
$458,367
$458.4K
Market Conditions
NOI Build-Up for 2,771 SF
Gross rent
$61.5K $22.20/SF
− Vacancy
−$2.6K −$0.93/SF
EGI
$58.9K $21.27/SF
− OpEx
−$17.7K −$6.38/SF
NOI
$41.3K $14.89/SF
Area
Providence, RI
Vacancy
4.20%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$825,060
Cap Rate 7%
$589,329
Cap Rate 9%
$458,367
Alternative Uses
Best Use
Retail
$589.3K
$515.7K – $687.6K
NOI $41,253 @ 7.0% cap · market cap 4.98%
Second Best
Mixed Use
$559.9K
$490.0K – $653.3K
NOI $39,196 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$927.1K
$811.2K – $1.08M
NOI $64,894 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
7
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,769
Businesses Nearby
29k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Hotels & Casinos 34%
Dining 7%
Marathon
Shops & Services
8,137 visits/mo
0.5 miles
Residence Inn Providence Downtown
Hotels & Casinos
6,054 visits/mo
0.4 miles
Bank of America
Shops & Services
4,543 visits/mo
0.2 miles
Homewood Suites by Hilton Providence Downtown
Hotels & Casinos
3,707 visits/mo
0.3 miles
BayCoast Bank
Shops & Services
2,442 visits/mo
0.1 miles
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
$365,600
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Providence, RI
Properties on Market for Mixed-use properties in Providence
Vacancy Rate% for Retail in Providence, RI
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two retail storefronts and a second-floor office component occupy this brick building in downtown Providence.
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 $829,000.
What are key features of this property?
This property features: Two commercial storefronts and 7 second‑floor office suites; 2,771 square feet on a 0.043‑acre parcel; Brick construction; built in 1920
