Three-Unit Retail
New
For Sale
Contact for pricing
231 Thayer St, Providence, RI 02906
Masonry construction and C-2 zoning support retail, residential, and educational uses.
Property Size2,347 SF
Lot Size0.06 Acres
Price / SF$97
Days on Market6
Property Features for 231 Thayer St
General Information
Standard status
Active
Size
2,347 SF
Lot size
0.06 Acres
Property subtype
Retail
Zoning
C-2
Occupancy
100%
Additional Details
Corner Location
Yes
Building Details
Construction
masonry
Tenancy
Multi
Listing Agency:
Peter M. Scotti & Assoc.,Inc.
Listed By:
Peter Scotti · License #RI
(401) 421-8888
Source:
Crexi
Added: Sep 5
Changed: Sep 9
Last Checked: Sep 10 at 8:16AM
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 Peter M. Scotti & Assoc.,Inc.
Investment Insights
Based on property information with market context.
This masonry retail property contains three units within approximately 2,347 square feet and is fully occupied. The improvements sit on a 2,756-square-foot parcel with C-2 zoning, providing a compact commercial format in the Thayer Street corridor.
An Educational and Historic Landmark District Overlay applies to the property. The designation allows a maximum height of 50 FT with no setbacks. Permitted uses include mixed retail, multi-unit residential, and educational use, offering several supported pathways for continued occupancy or future planning.
An Educational and Historic Landmark District Overlay applies to the property. The designation allows a maximum height of 50 FT with no setbacks. Permitted uses include mixed retail, multi-unit residential, and educational use, offering several supported pathways for continued occupancy or future planning.
Key Highlights
- Approximately 2,347 SF masonry retail building
- Three‑unit configuration; fully occupied
- 2,756 SF parcel zoned C‑2
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,793
Businesses Nearby
27k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 17%
Apparel 13%
Insomnia Cookies
Dining
8,828 visits/mo
0.2 miles
Citizens Bank
Shops & Services
4,414 visits/mo
0.0 miles
Urban Outfitters
Apparel
3,496 visits/mo
0.1 miles
Aroma Joe's
Dining
3,363 visits/mo
0.1 miles
Pokeworks
Dining
3,064 visits/mo
0.1 miles
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Providence, RI
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Frequently Asked Questions
What type of property is this?
Storefront property - Masonry construction and C-2 zoning support retail, residential, and educational uses.
Where is this storefront property located?
The property is located at 231 Thayer St Providence, RI.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Approximately 2,347 SF masonry retail building; Three‑unit configuration; fully occupied; 2,756 SF parcel zoned C‑2
