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Mixed-Use Building with Storefront
For Sale
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662 Elmwood Avenue, Providence, RI 02907

Corner-lot property combines two apartments with a multilevel commercial area and separate utilities.

Property SizeContact for details
Days on Market143

Property Features for 662 Elmwood Avenue

General Information

Standard status Active
Property subtype Mixed Use, Multifamily, Land, Retail
Listing Agency: Peter M. Scotti & Assoc.,Inc.
Listed By: Rachel Wills
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 1:37PM

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 mixed-use property at 662 Elmwood Avenue includes two existing apartments and a commercial storefront arranged across multiple levels. The residential units feature spacious rooms, high ceilings, and hardwood flooring. The commercial portion provides storage and office areas and is occupied by long-standing tenants. A third level offers additional expansion potential, while separate utilities are maintained for the property’s uses.

The building occupies a corner lot in Elmwood and includes off-street parking for the apartments. Its location provides access to the Interstate and is approximately 10 minutes from Downtown Providence. The sale includes the real estate only; the retail business is excluded.

Key Highlights

  • Two existing apartments within a mixed‑use building
  • Multilevel commercial storefront with storage and office areas
  • Third level offers expansion potential

Property Analytics

Current Use

Laura Natural Health ... Factory

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Garden Center Catering Service Acupuncture Furniture & Home Goods

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

1,051
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Corner-lot property combines two apartments with a multilevel commercial area and separate utilities.
Where is this mixed-use property located?
The property is located at 662 Elmwood Avenue Providence, RI.
What are key features of this property?
This property features: Two existing apartments within a mixed‑use building; Multilevel commercial storefront with storage and office areas; Third level offers expansion potential
(401) 421-8888 Call to check price and availability
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