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    Downtown Mixed-Use Retail/Office Building Title is generated by Realmo AI

    11 Peck Street, Providence, RI 02903

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    For Sale
    $879,000

    COMMERCIAL - Providence, RI

    Property size:
    3,676 SF
    Lot size:
    0.04 Acres
    Price / SF:
    $239/SF
    Added:
    Apr 23, 2026
    Days on Market:
    61
    Last Refresh:
    Jun 22 at 2:06 pm

    Property Features for 11 Peck Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Interior features
    Ceiling Height (9 to 12 Ft)
    Basement
    Full
    Standard status
    Active
    Size
    3,676 SF
    Lot size
    0.04 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    18766

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1920
    Number of units
    3
    Building materials
    Brick

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    Listing Contact
    Gabe Francis

    Listing agent Gabe Francis

    Listing office Lenox Realty Group 380 Broadway, East Providence, RI

    Listing date Apr 23, 2026

    MLS# 1410813

    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.

    HighLights

    • Prime location in the heart of Downtown Providence
    • Located within an Opportunity Zone, offering potential tax benefits
    • Multiple redevelopment possibilities: commercial, residential, or mixed‑use
    • Sound structural condition: heating, electrical, roof, and exterior are in great shape
    • Potential to add up to 4 additional floors
    • Existing infrastructure includes two commercial storefronts and seven office suites

    Overview

    This mixed-use commercial building includes two small storefronts at street level and seven office suites on the second floor. The property is positioned within an Opportunity Zone. The building could be returned to office use, converted to another commercial use, or redeveloped for additional space, including the possibility of adding four floors to the existing structure.

    Located in downtown Providence, the asset benefits from a central urban setting. The exterior is described as being in good condition, and the heating, electrical, roof, and exterior structure are reported to be in great shape.

    For buyers and operators looking for an adaptable downtown asset, the existing retail and office layout can support a range of approaches—from re-leasing the current configuration to planning for a future re-use or redevelopment strategy. The second-floor office suite count provides immediate tenancy options, while the Opportunity Zone positioning and reported building condition can support parties exploring redevelopment timelines and product changes. Please contact for more information regarding uses, configuration, and next steps.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $99.3k $27.00
    − Vacancy −$15.4k −$4.19
    EGI $83.9k $22.81
    − OpEx −$21.0k −$5.70
    NOI $62.9k $17.11
    3,676 SF · lease $27.00/SF/yr · vacancy 15.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $898.6K
    $786.3K – $1.05M (±1% cap)
    NOI $62,901 @ 7.0% cap · market cap 7.16%
    Second Best
    Retail
    $781.8K
    $684.1K – $912.1K (±1% cap)
    NOI $54,726 @ 7.0% cap · market cap 6.23%
    Theoretical Best
    Office A
    $1.23M
    $1.08M – $1.43M (±1% cap)
    NOI $86,088 @ 7.0% cap · market cap 9.79%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Law Firm Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

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    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.40997
    Latitude
    41.823267

    FAQs

    What type of property is this?
    Storefront property - Two street-level storefronts and seven second-floor office suites offer flexible redevelopment or return-to-office options.
    Where is this storefront 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; Multiple redevelopment possibilities: commercial, residential, or mixed‑use
    More about this property
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