562 Plainfield Street, Providence, Rhode Island 02909
Listed By Smith And Oak Real Estate Co.
The for Rent located at Providence, Rhode Island 02909 is currently for rent. Providence, Rhode Island 02909 is listed for $0. This property has Total Parking features. If the property located at Providence, Rhode Island 02909 isn't what you're looking for, search to see other .
Date Updated : Jun 27, 2025
Property features
Key features
- Total Parking
Construction details
- Year built: 1920
Other features
- Cooling system: Wall Unit Attic Fan
- Heating system: Space Heater
Description
Investor Opportunity – Mixed-Use with 3rd unit ADU Potential // Proforma Cap Rate- 8.2%
Set on a 3,600 sq ft lot in a high-traffic area of Providence, this freestanding brick mixed-use building offers strong upside potential. The 2,828 sq ft layout includes a spacious 1,303 sq ft retail space on the first floor and a 750 sq ft 2 bedroom residential unit above — perfect for business operation and rental income.
The detached garage is a prime candidate for ADU conversion. Whether you're looking to create a third income stream or a private guest space, the groundwork is here.
The building has a solid existing infrastructure, mixed-use zoning, and a location minutes from downtown and commuter routes, this property offers flexibility for investors, entrepreneurs, and end users alike. Run your business downstairs, rent or live upstairs, and explore the untapped value in the garage.
