Mixed-Use Property
For Sale
$2,650,000
550 Broad Street, Providence, RI 02907
Three Providence properties combine residential units with commercial and restaurant space.
Property Size1 SF
Price / SF$2,650,000
Days on Market26
Property Features for 550 Broad Street
General Information
Standard status
Active
Size
1 SF
Total Parking Spaces
40
Property subtype
Commercial
Additional Details
Multifamily Units
17
Building Details
Year Built
1900
Buildings
3
Tenancy
Multi
Listing Agency:
Residential Properties Ltd.
(401) 245-9600
Listed By:
Collin Marchand · License #RES.0044072
(401) 626-9750
Source:
Lockandkeyre
Added: Sep 18
Changed: Oct 13
Last Checked: Oct 12 at 8:38PM
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 Residential Properties Ltd.
Investment Insights
Based on property information with market context.
This three-property Providence portfolio brings together apartment units and commercial space. At 118 Comstock Avenue, a three-story building contains approximately 3,107 square feet and nine one-bedroom units; three units are being renovated. The property sits on a 6,234-square-foot lot. At 550 Broad Street, an air-conditioned, three-story building offers approximately 5,243 square feet on a 7,332-square-foot lot, with eight one-bedroom units and eight bathrooms. Two additional units may be possible subject to approvals.
The 1,871-square-foot space at 568 Broad Street is configured for restaurant or commercial use. It has an updated interior, a recently installed mini-split system, one bathroom, and seating for approximately 15 guests. Paved parking serves both Broad Street properties. The restaurant business operating as El Rincon is offered separately.
The 1,871-square-foot space at 568 Broad Street is configured for restaurant or commercial use. It has an updated interior, a recently installed mini-split system, one bathroom, and seating for approximately 15 guests. Paved parking serves both Broad Street properties. The restaurant business operating as El Rincon is offered separately.
Key Highlights
- Three properties sold together at 550 and 568 Broad Street and 118 Comstock Avenue
- 118 Comstock Avenue: 9 one‑bedroom units in approximately 3,107 square feet; 3 units under renovation
- 550 Broad Street: 8 one‑bedroom units, 8 bathrooms, and potential for 2 more units subject to approvals
Property Analytics
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Current Use
Lease Details
17
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,796
Businesses Nearby
Explore this area
Business Placement
Demographics for 02907, RI
29,827
Population
11,474
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
74%
High-School Grad
2.2 sq mi
ZIP Area
13,558
Density / Sq Mi
$49,564
Median Household Income
$32,619
Median Earnings
$1,136
Median Rent
$311,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three Providence properties combine residential units with commercial and restaurant space.
Where is this mixed-use property located?
The property is located at 550 Broad Street Providence, RI.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Three properties sold together at 550 and 568 Broad Street and 118 Comstock Avenue; 118 Comstock Avenue: 9 one‑bedroom units in approximately 3,107 square feet; 3 units under renovation; 550 Broad Street: 8 one‑bedroom units, 8 bathrooms, and potential for 2 more units subject to approvals
