550 Broad ST #3, Providence, RI 02907
550 Broad ST #3, Providence, RI 02907
550 Broad ST #3, Providence, RI 02907
550 Broad ST #3, Providence, RI 02907
550 Broad ST #3, Providence, RI 02907
550 Broad ST #3, Providence, RI 02907
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Fida Salameh

Fida Salameh

+1(401) 545-1158
$ 2,650,000
Est. payment | /mo

8,276 Sqft Lot

Save Virtual Tour
$ 2,650,000
Est. payment | /mo
Save Virtual Tour

8,276 Sqft Lot

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Broad Street

MLS Listing ID 1423442

Style Tri-Level,Victorian

HOA Y/N No

Year Built 1900

Annual Tax Amount $10,077

Tax Year 2025

Lot Size 8,276 Sqft

Property Sub-Type Commercial

Property 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.

Location

State RI

County Providence

Community Broad Street

Rooms

Basement Full

Interior

Heating Baseboard, Common, Gas, Steam

Cooling Ductless, 1 Unit, Window Unit(s), Central Air

Inclusions ...Expansion, additional residential or commercial uses, or a larger mixed-use project, subject to zoning, permitting, approvals, and buyer due diligence. Strong traffic, location, existing income, commercial visibility, substantial parking, and potential for future development create a compelling investment opportunity. Operating expenses and additional financial information are available upon request. Properties are being sold AS IS. Buyer to perform all due diligence regarding zoning, permits, unit count, parking, licensing, restaurant operations, development potential, intended use, expenses, income, and all required approvals.

Laundry Common Area, Laundry Room

Exterior

Fence Fenced

Community Features Golf, Highway Access, Marina, Maintenance On-Site, Near Hospital, Near Schools, Other, Public Transportation, Restaurant, See Remarks, Gated, High Traffic Location, Street Lights, Sidewalks

Utilities Available Electricity Available, Natural Gas Available, Natural Gas Connected, Municipal Utilities, Water Connected, Sewer Connected, Underground Utilities

Amenities Available Maintenance, Restaurant

Street Surface Paved

Total Parking Spaces 30

Building

Lot Description Corner Lot, Historic District

Building Description Brick,Masonry,Other, Cafeteria,Public Restrooms

Story 3

Foundation Block, Brick/Mortar, Combination, Stone

Sewer Connected, Public Sewer, Sewer Assessment(s)

Water Connected, Multiple Meters, Water Assessment(s), Water Tap Fee, Public

Architectural Style Tri-Level, Victorian

Level or Stories 3

Structure Type Brick,Masonry,Other

New Construction Yes

Others

Tax ID 550568BROADST3PROV

Security Features Carbon Monoxide Detector(s),Fire Alarm,Security Gate,Secured Garage/Parking,Gated Community,24 Hour Security,Key Card Entry,Smoke Detector(s),See Remarks,Fire Sprinkler System,Security Service

Virtual Tour https://tour.RiLiving.com/550-Broad-Street-Unit-3-Providence-RI-02907

© 2026 State-Wide Multiple Listing Service. All rights reserved.
Listed by Residential Properties Ltd.
Fida Salameh

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(401) 545-1158

salamehfida25@gmail.com

70 Fieldside Drive, Woonsocket , Rhode Island 02895, USA

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550 Broad ST #3