562 Plainfield Street, Providence, Rhode Island 02909
Listed By Smith And Oak Real Estate Co.
The Retail Property for Sale located at Providence, Rhode Island 02909 is currently for sale. Providence, Rhode Island 02909 is listed for $449,990. If the property located at Providence, Rhode Island 02909 isn't what you're looking for, visit https://www.rilivingglobal.com to see other Retail Properties for Sale in Providence .
Date Updated : Aug 13, 2025
MLS#: 1387576
$449,990 USD
- Minimum sellable space
191 m² (2,053 ft²)
Property features
Construction details
- Year built: 1920
Other features
- Property features: Basement Garage
- Cooling system: Wall Unit Attic Fan
- Heating system: Space Heater
Area
- Property size:
191 m² (2,053 ft²) - Land/Lot size:
334 m² (3,600 ft²)
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.
Location
All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise "any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination." We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.