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Hope Village Corner Investment Opportunity

756 Hope Street Providence Providence, RI 02906

Claim this Listing
For Sale
$1,950,000

Prime mixed-use property in Providence's Hope Village for sale.

Property size:
7,000 SF
Price / SF:
$278.57/SF
Added:
May 15, 2026
Days on Market:
61
Last Refresh:
Jun 30 at 6:08 am

Property Features for 756 Hope Street Providence

General Information

Standard status
Active
Size
7,000 SF

Building Details

Year Built
1930

Listing office

Listing date May 15, 2026

Source Milestonerealtyinc

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 Brian DaSilva


Investment Insights

Based on property information with market context.

An exceptional opportunity to acquire a prominent corner property in the heart of the East Side. Located at 756-758 Hope Street & 50 Glendale Avenue, these two buildings are offered together on a single parcel, positioned at one of Hope Village's most active and recognizable intersections. The property features the renowned Stock Culinary Goods and Ivy Tavern, two of the neighborhood's most frequented destinations, providing consistent foot traffic and long-standing appeal. The retail spaces are structured on triple-net (NNN) leases, creating a more hands-off investment profile. Above and behind, 50 Glendale Avenue hosts five recently refreshed one-bedroom, one-bath residential units, offering a clean, income-producing complement to the commercial frontage. Both buildings feature substantial basement space with strong utility and storage capacity, supporting the needs of the existing tenancies. The property is set within Hope Village, moments from Blackstone Boulevard and surrounded by a dense mix of cafes, bakeries, boutiques, and neighborhood staples. This location draws from College Hill, Wayland Square, Fox Point, and beyond. The property size is 7,000 square feet. This offering is for real estate only, presenting a rare chance to secure a cornerstone asset in one of Providence's most established and consistently active corridors.

Key Highlights

  • Prominent corner location in the heart of the East Side's Hope Village.
  • Two buildings on a single parcel with commercial and residential units.
  • Anchored by renowned tenants: Stock Culinary Goods and Ivy Tavern.

Local Financial Insights For Retail

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 $155.4k $22.20
− Vacancy −$6.5k −$0.93
EGI $148.9k $21.27
− OpEx −$44.7k −$6.38
NOI $104.2k $14.89
7,000 SF · lease $22.20/SF/yr · vacancy 4.20% · expense 30.00%

Alternative Uses

Best Use
Retail
$1.49M
$1.30M – $1.74M (±1% cap)
NOI $104,211 @ 7.0% cap · market cap 5.34%
Second Best
Mixed Use
$1.41M
$1.24M – $1.65M (±1% cap)
NOI $99,015 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M (±1% cap)
NOI $163,932 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Stock Culinary Goods (Bike/Boat/Book/etc) Store

Suggested Use

Real Estate Agency Dental Office Law Firm HVAC Service Grocery & Convenience Store Bakery Barber Shop Locksmith Carpet & Flooring Store Food Market

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

FAQs

What type of property is this?
Mixed-use property - Prime mixed-use property in Providence's Hope Village for sale.
Where is this mixed-use property located?
The property is located at 756 Hope Street Providence Providence, RI.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Prominent corner location in the heart of the East Side's Hope Village.; Two buildings on a single parcel with commercial and residential units.; Anchored by renowned tenants: Stock Culinary Goods and Ivy Tavern.
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