786 Providence Street, Woonsocket, RI 02895
Five street-level retail units on a high-visibility corner with a second-floor space suited for residential or office conversion.
- Added:
- Jun 24, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 27 at 3:38 am
Property Features for 786 Providence Street
General Information
- Standard status
- Active
- Size
- 15,534 SF
- Lot size
- 1.00 Acre
- Property subtype
- Retail
Building Details
- Year Built
- 1976
Listing office MG Commercial (401) 465-9224
Listing date Jun 24, 2026
Source Mgcommercial
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All listing content including descriptions, pricing, images are the copyrighted material of MG Commercial
HighLights
- 15,534 SF retail shopping center on a ~1‑acre corner parcel with five street‑level retail units
- Second‑floor space of approximately 5,000 SF is vacant and suitable for residential or office conversion
- Brand‑new electrical system plus new siding and windows, and a new roof (recent capital improvements)
- Located at a high‑traffic, 4‑way signalized intersection with approx. 74 parking spaces and two curb cuts
- Current tenants include a liquor store, laundromat, hair salon, nail salon, and pizza restaurant
- Taxes listed at $25,491
Overview
The property sits on a corner lot with two curb cuts and includes 74 parking spaces, positioned at a high-traffic, four-way signalized intersection. The tenant mix includes a liquor store, laundromat, hair salon, nail salon, and a pizza restaurant.
For an owner-user or investor, the center offers multiple active retail storefronts alongside additional upper-level space that can be repurposed, subject to approvals. The configuration supports retail continuity at street level while allowing flexibility for the second-floor layout through a conversion strategy.
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 | $279.6k | $18.00 |
| − Vacancy | −$28.7k | −$1.85 |
| EGI | $250.9k | $16.15 |
| − OpEx | −$62.7k | −$4.04 |
| NOI | $188.2k | $12.11 |
Alternative Uses
Current Use by Public Records
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Location Insight
- Map
- Local Demand
- City
- Woonsocket
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.5216363
- Latitude
- 41.9859859
