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    374 Wickenden St, Providence, RI 02903

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    Mixed-use properties

    Type:Land, Retail, Mixed Use
    Property size:
    5,735 SF
    Price / SF:
    $287/SF
    Added:
    Feb 6, 2026
    Days on Market:
    150
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 374 Wickenden St

    General Information

    Standard status
    Active
    Size
    5,735 SF
    Property subtype
    Land, Retail, Mixed Use

    Building Details

    Year Built
    1900

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    Jeremiah C. Blum

    Listing office William Raveis Real Estate

    Listing date Feb 6, 2026

    Source Crexi

    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 William Raveis Real Estate

    HighLights

    • Fully rented residential units until May 31, 2027, providing guaranteed income.
    • Long‑standing pizza place on the first floor with a NNN lease, contributing to income and covering a third of the owner's expenses.
    • Proven investment with virtually no vacancy during current ownership.
    • Fully renovated to the studs within the last ten years.
    • Prime location with easy access to Downtown Providence, interstates, Brown University, and RISD.
    • Residential units feature central air, in‑unit laundry, and modern kitchens and bathrooms.

    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 $141.1k $24.60
    − Vacancy −$5.4k −$0.93
    EGI $135.7k $23.67
    − OpEx −$33.9k −$5.92
    NOI $101.8k $17.75
    5,735 SF · lease $24.60/SF/yr · vacancy 3.80% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $1.45M
    $1.27M – $1.70M (±1% cap)
    NOI $101,790 @ 7.0% cap · market cap 6.17%
    Second Best
    Apartment 5plus
    $1.24M
    $1.09M – $1.45M (±1% cap)
    NOI $86,985 @ 7.0% cap · market cap 5.27%
    Theoretical Best
    Office A
    $1.92M
    $1.68M – $2.24M (±1% cap)
    NOI $134,307 @ 7.0% cap · market cap 8.14%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pizza Pie-er Restaurant

    Suggested Use

    (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Cosmetic Store Catering Service Locksmith Pet Store Daycare Center Pet Store & Service Pet Grooming Service Clothing & Fashion Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3958577
    Latitude
    41.8198417

    FAQs

    Where is this mixed-use property located?
    The property is located at 374 Wickenden St Providence, RI.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: Fully rented residential units until May 31, 2027, providing guaranteed income.; Long‑standing pizza place on the first floor with a NNN lease, contributing to income and covering a third of the owner's expenses.; Proven investment with virtually no vacancy during current ownership.
    More about this property
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