1. Rhode Island
2. Providence
3. 562 Plainfield Street

562 Plainfield Street, Providence, RI 02909

• 2,053 sqft

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.

Listing Status:

Active

Date Added:

June 16, 2025 at 05:00AM

Listing Office:

Smith and Oak Real Estate Co. : 401-464-2617

MLS ID:

1387576

Interior

• Basement: Full
• A/C: Attic FanWall Unit(s)
• Heating: Space Heater

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Smith and Oak Real Estate Co.