Hope Village Corner Investment
756 Hope Street Providence, Providence, RI 02906
Prime mixed-use property in Providence's Hope Village for sale.
Property size:
7,000 SFPrice / SF:
$278/SF- Added:
- May 15, 2026
- Days on Market:
- 15
- Last Refresh:
- May 15 at 10:09 pm
Property Features for 756 Hope Street Providence
General Information
- Standard status
- Active
- Size
- 7,000 SF
Building Details
- Year Built
- 1930
Listing agent Brian DaSilva (508) 501-1443
Listing office (508) 501-1443
Listing date May 15, 2026
Source Milestonerealtyinc
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 Brian DaSilva
HighLights
- Prominent corner location in the heart of the East Side's Hope Village.
- Two buildings on a single parcel with commercial and residential units.
- Anchored by renowned tenants: Stock Culinary Goods and Ivy Tavern.
- Triple‑net (NNN) leases on commercial spaces for hands‑off investment.
- Five recently refreshed one‑bedroom residential units providing income.
- Substantial basement space for utility and storage.
Overview
An exceptional opportunity to acquire a prominent corner property in the heart of the East Side. Located at 756-758 Hope Street & 50 Glendale Avenue, these two buildings are offered together on a single parcel, positioned at one of Hope Village's most active and recognizable intersections. The property features the renowned Stock Culinary Goods and Ivy Tavern, two of the neighborhood's most frequented destinations, providing consistent foot traffic and long-standing appeal. The retail spaces are structured on triple-net (NNN) leases, creating a more hands-off investment profile. Above and behind, 50 Glendale Avenue hosts five recently refreshed one-bedroom, one-bath residential units, offering a clean, income-producing complement to the commercial frontage. Both buildings feature substantial basement space with strong utility and storage capacity, supporting the needs of the existing tenancies. The property is set within Hope Village, moments from Blackstone Boulevard and surrounded by a dense mix of cafes, bakeries, boutiques, and neighborhood staples. This location draws from College Hill, Wayland Square, Fox Point, and beyond. The property size is 7,000 square feet. This offering is for real estate only, presenting a rare chance to secure a cornerstone asset in one of Providence's most established and consistently active corridors.
Local 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 | $205.8k | $29.40 |
| − Vacancy | −$12.8k | −$1.82 |
| EGI | $193.0k | $27.58 |
| − OpEx | −$86.9k | −$12.41 |
| NOI | $106.2k | $15.17 |
7,000 SF · lease $29.40/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.52M
$1.33M – $1.77M
NOI $106,172 @ 7.0% cap · market cap 5.44%
Second Best
Retail
$1.49M
$1.30M – $1.74M
NOI $104,211 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M
NOI $163,932 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Stock Culinary Goods
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.3959235
- Latitude
- 41.8475795
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Prime mixed-use property in Providence's Hope Village for sale.
Where is this mixed-use property located?
The property is located at 756 Hope Street Providence Providence, RI.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Prominent corner location in the heart of the East Side's Hope Village.; Two buildings on a single parcel with commercial and residential units.; Anchored by renowned tenants: Stock Culinary Goods and Ivy Tavern.
