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Mixed-Use Building with Renovated Apartment
For Sale
$499,900

556 Admiral Street, Providence, RI 02908

First-floor commercial space is paired with a fully renovated three-bedroom residence above.

Property SizeContact for details
Days on Market192

Property Features for 556 Admiral Street

General Information

Standard status Active
Property subtype Multi-family

Building Details

Year Built 1930
Buildings 1
Stories 2
Listing Agency: Innovations Realty
Listed By: Juan Tejada · License #41738
Source: Milburyre
Added: Feb 20 Changed: Aug 30 Last Checked: Aug 30 at 6:22PM

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 Innovations Realty

Investment Insights

Based on property information with market context.

This two-level mixed-use building combines a 1,215-square-foot commercial area on the first floor with a residential apartment upstairs. The apartment includes three bedrooms and two full bathrooms and has been fully renovated.

Constructed in 1930, the property is located immediately next to Providence College at 556 Admiral Street in Providence, Rhode Island. The combination of commercial and residential space creates a clearly defined layout within a single building.

Key Highlights

  • 1,215‑square‑foot commercial space on the first floor
  • Three‑bedroom apartment on the second floor
  • Two full bathrooms in the residential unit

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Dental Office Cafe & Coffee Shop Accounting Firm Garden Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

757
Businesses Nearby
7k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 71% Electronics 29%
Shell Shops & Services
4,697 visits/mo 0.2 miles
Metro by T-Mobile Electronics
1,235 visits/mo 0.3 miles
Metro by T-Mobile Electronics
669 visits/mo 0.2 miles

Demographics for 02908, RI

38,507
Population
17,160
Households
2.2
Avg Household Size
32
Median Age
29%
College-Educated
84%
High-School Grad
3.4 sq mi
ZIP Area
11,326
Density / Sq Mi
$74,341
Median Household Income
$42,947
Median Earnings
$1,381
Median Rent
$293,800
Median Home Value

Market

Vacancy Rate% for Retail in Providence, RI

8.5% 2019
8.8% 2020
7.9% 2021
6.2% 2022
6% 2023
5% 2024
6.7% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - First-floor commercial space is paired with a fully renovated three-bedroom residence above.
Where is this mixed-use property located?
The property is located at 556 Admiral Street Providence, RI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 1,215‑square‑foot commercial space on the first floor; Three‑bedroom apartment on the second floor; Two full bathrooms in the residential unit
More about this property
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