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Second-Floor Office Units
For Lease
$25 SF/Yr

155 Elmgrove Avenue, Providence, RI 02906

Commercial/Business,Commercial Lease, Providence, RI

Space Size150 SF - 600 SF
Lot Size0.10 Acres
Days on Market201

Property Features for 155 Elmgrove Avenue

General Information

Property type Commercial Lease
Property subtype Other
Subdivision East Side/Wayland
Lot features Free Standing
Standard status Active
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 17923

Utilities

Heating system Forced Air

Building Details

Year built 1955
Floors in Building 2
Number of units 1
Building materials Brick
Listing Agency: Re/Max Professionals · RE/MAX International
Listed By: Stacia Pietropaolo
Added: Feb 5 Changed: Aug 19 Last Checked: Aug 25 at 4:06AM
MLS# 1404450

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.

Investment Insights

Based on property information with market context.

Second-floor office units are available within a brick commercial building constructed in 1955. Two suites remain, ranging from 150 SF to 600 SF, with cosmetic improvements underway and delivery expected in early fall. The property is heated by forced air and positioned above The Butcher Shop Deli.

The East Side setting provides direct access to neighborhood food and retail services, with a bus stop across the street. Street parking is available for occupants and visitors.

Key Highlights

  • Two office suites available from 150 SF to 600 SF
  • Cosmetic upgrades underway with delivery expected early Fall
  • Second‑floor location above The Butcher Shop Deli

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Repair Shop HVAC Service Building Supply Kitchen & Bath Showroom Big Box & Wholesale Store Electrical 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.

Lease Details

NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,912
Businesses Nearby

Demographics for 02906, RI

25,559
Population
13,468
Households
1.9
Avg Household Size
35
Median Age
80%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
8,245
Density / Sq Mi
$102,796
Median Household Income
$57,214
Median Earnings
$1,729
Median Rent
$582,700
Median Home Value

Market

Lease Benchmarks for Providence, RI

$35.89 /SF/Yr
Avg Asking Price
$13–$98.18 /SF/Yr
Price Range
7,799 SF
Avg Space Size

This space is priced 30% below the average of $35.89 /SF/Yr.

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Small office suites above a deli are being refreshed ahead of expected early fall delivery.
Where is this office units located?
The property is located at 155 Elmgrove Avenue Providence, RI.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Two office suites available from 150 SF to 600 SF; Cosmetic upgrades underway with delivery expected early Fall; Second‑floor location above The Butcher Shop Deli
More about this property
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