Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    11 Peck St Providence, RI 02903

    Sponsored
    For Sale
    $879,000

    Prime location, redevelopment potential, three units.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property at 11 Peck Street in Providence, Rhode Island, presents a unique investment opportunity. Situated on a 1,871 square foot lot in the heart of downtown Providence, this two-story building, constructed in 1920, currently features three units. Two ground-floor spaces are occupied by small commercial storefronts, while the second floor offers a gutted-out space ideal for residential conversion. The property's strategic location within an Opportunity Zone unlocks access to various tax credit programs, further enhancing its investment appeal. The existing building boasts excellent structural integrity, with the heating, electrical systems, roof, and exterior in great condition. This presents a versatile opportunity: retaining the existing commercial spaces, converting to entirely different commercial uses, or undertaking a significant redevelopment project. The potential for adding up to four additional floors significantly expands the property's future value and functionality. This is a rare chance to acquire a property in one of Providence's most desirable downtown locations. The asking price is $879,000.

    Property Features for 11 Peck St

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1920
    Buildings
    1
    Stories
    2
    Units
    3

    HighLights

    • $879,000 asking price.
    • Mixed‑use property (Commercial & Residential) with three units.
    • 1,871 sq ft lot in Providence, RI.
    • Two‑story, 1920 building; heating, electrical, roof, and exterior in good condition.
    • Located in a Downtown Providence Opportunity Zone, allowing for potential tax credits and redevelopment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4100058
    Latitude
    41.8233588

    Nearby Similar for Sale

    • $2,975,000
      0.23 Acres

      Income-Generating Multi-Family Opportunity

      Two multi-family homes in Providence's East Side.
      134 Irving Ave, Providence, RI 02906
      View Details
    • $650,000
      Pending

      Spacious Two-Family Home in Providence

      Large two-family home in Providence's Elmwood Historic District.
      118 Moore St, Providence, RI 02907
      View Details
    • $699,999
      0.08 Acres

      Renovated Multi-Family Near Federal Hill

      Renovated 3-family property near Federal Hill and WaterFire Arts Center.
      49 Wealth Ave, Providence, RI 02908
      View Details
    • $999,999
      Pending

      Federal Hill Triplex with Garages

      Three-unit property in Federal Hill with off-street parking.
      41 Almy St, Providence, RI 02909
      View Details
    • $1,029,900
      0.09 Acres

      Providence Multifamily Investment Opportunity

      East Side triplex near Brown University, ideal for investors.
      125 Taber Ave, Providence, RI 02906
      View Details
    • New
      $899,900
      0.07 Acres

      Elmhurst Multifamily-Style Home with ADU

      Rare opportunity: Elmhurst home with legal ADU.
      117 Sharon St, Providence, RI 02908
      View Details
    • $319,900
      0.11 Acres

      Providence Multifamily Renovation Opportunity

      Three-story multifamily home or single-family conversion opportunity in Providence.
      109 Somerset St, Providence, RI 02907
      View Details
    • $599,900
      0.10 Acres

      Providence Multifamily Investment Opportunity

      Well-maintained four-unit property with a mix of layouts.
      57 Fairmount Ave, Providence, RI 02908
      View Details
    • $565,000
      Pending

      Renovated Multifamily Near RI Hospital

      Completely renovated two-family property near RI Hospital and RT 95/195.
      123 Chester Ave, Providence, RI 02907
      View Details
    • $2,095,000
      0.09 Acres

      Providence Multifamily Investment Opportunity

      Two-building, eight-unit property in desirable Fox Point neighborhood.
      84 Transit St, Providence, RI 02906
      View Details
    • $2,095,000
      0.09 Acres

      Providence Multifamily Investment Opportunity

      Eight-unit property in desirable Fox Point neighborhood, Providence.
      84 Transit St, Providence, RI 02906
      View Details
    • $599,900
      0.07 Acres

      Well-Maintained Multifamily Property

      Four units, good-sized lot, off-street parking in Providence, RI.
      53 Fairmount Ave, Providence, RI 02908
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime location, redevelopment potential, three units.
    Where is this office property / space located?
    The property is located at 11 Peck St Providence, RI.
    What is the asking price?
    The asking price for this property is $879,000.
    What are key features of this property?
    This property features: $879,000 asking price.; Mixed-use property (Commercial & Residential) with three units.; 1,871 sq ft lot in Providence, RI.
    Request Owner's contact information
    11 Peck St Providence, RI 02903
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11 Peck St
    Providence, RI 02903
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11 Peck St Providence, RI 02903
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.