550 Prairie Avenue Providence

$899,000
2,350 sq ft

The Property

Rare commercial opportunity in Providence, RI! Located at 550 Prairie Ave, this unique multi-lot, flex-use property is ideal for business owners and investors. The property sits on three separate lots totaling over 17,000 square feet—an extremely rare find in this area. The existing commercial building is ready for immediate use, with high visibility and strong traffic exposure. Plus, the lot can accommodate 50 to 75 vehicles—perfect for auto sales, contractors, or fleet operations.

Conveniently located minutes from I-95 and downtown Providence, this space offers land, functionality, and location in one. Owner financing possibilities and lease options starting at $4,000/month available. Don’t miss this exceptional investment or owner-user opportunity!

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Listing Details

MLS Number

1409120

Lot Size:

0.41 acres

Features

  • Garage
  • Restrooms
  • Commuter Bus
  • Highway Access
  • Hospital
  • Interstate
  • Private School
  • Public School
  • Restaurants
  • Schools
  • Shopping
  • Free Standing
  • Year Built: 1950

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Market Trends for Commercial Properties
in Providence

  • Overview
    Homes for Sale Today76-89.9% decrease in inventory
    New on Market *1820% increase in new listings
    Avg. Asking Price/Sq.Ft. *$204.34$99 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$1,020,000$421,667 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *96.82%10% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$153.38$374 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *5627 decrease in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Innovations Realty

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