562 Plainfield ST Active Save Request In-Person Tour Request Virtual Tour
Providence,RI 02909
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,053 sqft
Price per Sqft $219
Subdivision Silver Lake
MLS Listing ID 1387576
Style Split Level
HOA Y/N No
Abv Grd Liv Area 2,053
Year Built 1920
Annual Tax Amount $6,363
Tax Year 2024
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Commercial
Property 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
State RI
County Providence
Community Silver Lake
Zoning R3
Rooms
Basement Full
Interior
Heating Space Heater
Cooling Attic Fan,Wall Unit(s)
Furnishings Unfurnished
Exterior
Community Features Highway Access,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Sidewalks,Street Lights
Utilities Available Natural Gas Connected,Sewer Connected
Street Surface Concrete
Total Parking Spaces 5
Garage Yes
Building
Story 2
Foundation Brick/Mortar
Sewer Connected,Public Sewer
Water Connected,Public
Architectural Style Split Level
Level or Stories 2
Structure Type Brick,Masonry
New Construction No
Others
Tax ID 562PLAINFIELDSTPROV