About This Home

This 0-bedroom, 0-bathroom commercial at 550 Broad Street in Providence, RI is listed for $2,650,000. Built in 1900, on a 0.19 acres lot.

Key Features

  • Built in 1900
  • 0.19 acre lot
  • 3 stories
  • 30 parking spaces

Property Details

3 stories
30 spaces
1900

Amenities

A/C
Listing Description

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.

Monthly Cost Estimate

$14,173/mo

20% down · 6.5% · 30 years

Principal$1,917
Interest$11,483
Insurance$773

Estimates only. Actual payments may vary.

Location

550 Broad Street

Providence, RI 02907

Broad Street {118 Comstock Ave}

Features & Amenities

Interior Features

Ceiling Height (7 to 9 Ft)

Property Details

Construction

Brick Masonry

Heating

CentralBaseboardSteamNatural Gas

Cooling

DuctlessWindow Unit(s)

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 550 Broad Street is listed at $2,650,000. The estimated monthly payment is $14,173 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.19 acre lot, 3 stories, 30 parking spaces. Interior Features: Ceiling Height (7 to 9 Ft).

This property is listed by Collin Marchand.

CM

Collin Marchand

Agent at Residential Properties Ltd.

Listed by Residential Properties Ltd. · Broker phone: (401) 439-7705 · View on Broker Site · Broker website

MLS# 1423442· Source: State Wide MLS of Rhode Island, Inc.· 40 days on PropertySimple

Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

550 Broad Street, Providence, RI 02907

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