Mixed-Use Investment
235 Meeting St Providence, RI 02906
For Sale
Contact for pricing
Newly constructed mixed-use asset is 100% leased, combining retail/restaurant space with residential units.
Property Size8,788 SF
Price / SF$455.17
Days on Market409
Property Features for 235 Meeting St
General Information
Standard status
Active
Size
8,788 SF
Property subtype
RETAIL
Listing Agency:
Sweeney Real Estate &Appraisal
(401) 523-5101
Listed By:
Thomas O Sweeney
(401) 523-5101
Source:
Moodyscre
Added: Jun 17, 2025
Changed: Jul 28
Last Checked: Jul 29 at 3:51PM
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 Sweeney Real Estate &Appraisal
Investment Insights
Based on property information with market context.
This mixed-use property was newly constructed in 2023 and is currently 100% leased. The offering includes approximately 3,970± SF of retail/restaurant space and approximately 4,818± SF of residential space, creating a built-in live-and-work mix within a single investment.
The property is located on Meeting St in Providence, in an east side Thayer Street area that is described as neighboring Brown University and nearby resident halls. The surrounding retail is described as a local mix of national and local retailers.
The current income is listed as NOI of $175,325 per year. For buyers or tenants seeking a leased mixed-use setup, this configuration provides both street-facing retail/restaurant space and residential components under one ownership.
The property is located on Meeting St in Providence, in an east side Thayer Street area that is described as neighboring Brown University and nearby resident halls. The surrounding retail is described as a local mix of national and local retailers.
The current income is listed as NOI of $175,325 per year. For buyers or tenants seeking a leased mixed-use setup, this configuration provides both street-facing retail/restaurant space and residential components under one ownership.
Key Highlights
- New construction mixed‑use asset (2023) that is 100% leased
- 3,970± SF retail/restaurant space
- 4,818± SF residential space
Financial Insights For Apartment 5plus
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 | $258.4k | $29.40 |
| − Vacancy | −$16.0k | −$1.82 |
| EGI | $242.3k | $27.58 |
| − OpEx | −$109.1k | −$12.41 |
| NOI | $133.3k | $15.17 |
8,788 SF · lease $29.40/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.90M
$1.67M – $2.22M
NOI $133,292 @ 7.0% cap · market cap 3.33%
Second Best
Retail
$1.87M
$1.64M – $2.18M
NOI $130,830 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$2.94M
$2.57M – $3.43M
NOI $205,805 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Newly constructed mixed-use asset is 100% leased, combining retail/restaurant space with residential units.
Where is this mixed-use property located?
The property is located at 235 Meeting St Providence, RI.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: New construction mixed‑use asset (2023) that is 100% leased; 3,970± SF retail/restaurant space; 4,818± SF residential space
