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0 Baths

$2,650,000

550 Broad Street 3, Providence RI, 02907

Price per sqftN/A
Built in1900
Property typeCommercial

Overview

Active

Listed Sep 18, 2026

Updated 13h ago

INVESTMENT & DEVELOPMENT OPPORTUNITY! Three individual properties being sold together: 550 & 568 Broad Street and 118 Comstock Avenue, Providence, RI. A unique portfolio offering current rental income, commercial space, restaurant potential, substantial parking, and the vision for future redevelopment. Located in a high-traffic area just minutes from Downtown Providence, with approximately 30 40 parking spaces across the properties. 118 Comstock Avenue is a three-story commercial/residential building on a 6,234 sq. ft. lot, offering approximately 3,107 sq. ft. with 9 one-bedroom units, including 3 units currently under renovation. 550 Broad Street is a three-story, air-conditioned building offering approximately 5,243 sq. ft. on a 7,332 sq. ft. lot with paved parking and 8 one-bedroom units, 8 Baths, with potential for 2 additional units, subject to required approvals. 568 Broad Street offers approximately 1,871 sq. ft. of updated restaurant/commercial space with paved parking, a new mini-split system, updated interior, one bathroom, and seating for approximately 15 guests, with potential for additional seating. The established El Rincon restaurant business is also available separately.The portfolio currently has 11 tenants in place, with several vacant units and 3 units under renovation, offering value-add potential through renovation and leasing. For the investor with a larger vision, the combined properties may provide an opportunity to explore future redevelopment, ETC.

Additional information

MLS® ID
1423442

Interior Features

Bathrooms
0
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.19 Acres

Other Property Details

Taxes
$10,077
Tax Frequency
Annually
New Construction
Yes

Courtesy of Residential Properties Ltd., 401-626-9750

The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS, Inc. Real estate listings held by brokerage firms other than Sotheby’s International Realty are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.

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Data last updated 8:35 PM UTC, 9/22/2026.

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