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    Mixed-Use Building in Silver Lake Title is generated by Realmo AI

    198 Pocasset Ave, Providence, RI

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    Mixed-use commercial building with retail and residential units for sale.

    Type:RETAIL
    Property size:
    3,063 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $260/SF
    Added:
    Oct 7, 2025
    Days on Market:
    249
    Last Refresh:
    May 20 at 8:17 pm

    Property Features for 198 Pocasset Ave

    General Information

    Standard status
    Active
    Size
    3,063 SF
    Lot size
    0.07 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Francis Hiraldo
    Francis Hiraldo

    Listing agent Francis Hiraldo

    Listing office BHHS - Commonwealth | East Greenwich

    Listing date Oct 7, 2025

    Source Moodyscre

    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 BHHS - Commonwealth | East Greenwich

    HighLights

    • Thriving meat market/convenience store business included.
    • Mixed‑use commercial building with two residential apartments.
    • High‑visibility location with heavy foot and vehicle traffic.
    • Turnkey package ideal for investors or first‑time commercial buyers.
    • Strong rental demand.
    • Long‑term growth potential.

    Overview

    This mixed-use commercial building in Providence's Silver Lake area features a meat market and convenience store, along with two residential apartments. The property is located in a high-visibility location with heavy foot and vehicle traffic. The property size is 3063 square feet. This turnkey package offers long-term growth potential.

    Local Financial Insights For Specialty 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 $75.3k $24.60
    − Vacancy −$2.9k −$0.93
    EGI $72.5k $23.67
    − OpEx −$18.1k −$5.92
    NOI $54.4k $17.75
    3,063 SF · lease $24.60/SF/yr · vacancy 3.80% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $776.6K
    $679.6K – $906.1K (±1% cap)
    NOI $54,365 @ 7.0% cap · market cap 6.80%
    Second Best
    Apartment 5plus
    $663.7K
    $580.7K – $774.3K (±1% cap)
    NOI $46,458 @ 7.0% cap · market cap 5.81%
    Theoretical Best
    Office A
    $1.02M
    $896.7K – $1.20M (±1% cap)
    NOI $71,732 @ 7.0% cap · market cap 8.98%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • La Gran Via Meat Market — 417 Hartford Ave, Providence, RI 02909
    • NOEL MEAT MARKET — 574 Plainfield St, Providence, RI 02909
    • Cibao Meat Supermarket — 228 Manton Ave, Providence, RI 02909

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4546
    Latitude
    41.8097

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    FAQs

    What type of property is this?
    Grocery and convenience store - Mixed-use commercial building with retail and residential units for sale.
    Where is this grocery and convenience store located?
    The property is located at 198 Pocasset Ave Providence, RI.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Thriving meat market/convenience store business included.; Mixed‑use commercial building with two residential apartments.; High‑visibility location with heavy foot and vehicle traffic.
    (401) 451-2422 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Francis Hiraldo
    Francis Hiraldo
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