RI > Providence > Silver Lake
Providence, RI 02909,562 Plainfield ST
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Providence, RI 02909,562 Plainfield ST
Providence, RI 02909,562 Plainfield ST
Providence, RI 02909,562 Plainfield ST
Providence, RI 02909,562 Plainfield ST
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Jennifer Cosgrove O'Leary

Jennifer Cosgrove O'Leary

+1(401) 269-6015
$ 449,990
Est. payment /mo
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562 Plainfield ST Providence, RI 02909

2,053 SqFt

UPDATED:

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

© 2025 State-Wide Multiple Listing Service. All rights reserved.
Listed by Smith and Oak Real Estate Co.
agent

Jennifer Cosgrove O'Leary

Broker/Owner | License ID: REB.0019311

+1(401) 269-6015

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562 Plainfield ST