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.
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
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 MG Commercial
Investment Insights
Based on property information with market context.
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.
Key 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)
Local Financial Insights For 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 | −$29.1k | −$1.87 |
| EGI | $250.5k | $16.13 |
| − OpEx | −$75.2k | −$4.84 |
| NOI | $175.4k | $11.29 |
Alternative Uses
Property Analytics
Current Use by Public Records
Similar For Sale Nearby
Similar Off Market Nearby
- Coin Cloud Bitcoin ATM — 271 S Main St, Woonsocket, RI 02895
- Coinstar Kiosk | Bitcoin ATM — Stop & Shop - New England, 595 Smithfield Rd, North Smithfield, RI 02896
