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225-231 Thayer St 2,125 SF 100% Leased Retail Building Providence, RI 02912 For Sale
Investment Highlights
- Prominent corner location at the intersection of Thayer Street and Angell Street.
- Benefits from substantial pedestrian activity generated by students, faculty, and residents.
- Located among a diverse mix of restaurants, retailers, cafés, and service-oriented businesses.
- Surrounded by Brown University, RISD, and multiple educational institutions.
- Excellent visibility to both vehicular and foot traffic along a major neighborhood commercial corridor.
Executive Summary
Extremely rare opportunity to acquire one of the most prominent commercial corners in the Brown University/RISD commercial corridor.
Approximately 2,347 SF, masonry, 3-unit , fully occupied retail building, 2,756 SF parcel zoned C-2 with an Educational and a Historic Landmark District Overlay allowing a maximum height of 50 FT with no setbacks. Allowed uses are mixed retail, multi-unit residential and educational use.
Approximate Net Income: $230,000.00
Bidding ends at noon, September 15, 2026
For Non-Disclosure Agreement and Offering Memorandum e-mail Heather Carnevale / hcarnevale@scottire.net with your name, entity name and contact information.
FOR DETAILS:
Peter M. Scotti & Associates, Inc.
24 Bridge Street, Providence, RI 02903
401-421-8888 / 401-255-7704 (cell)
pmgbs@scottire.net
Approximately 2,347 SF, masonry, 3-unit , fully occupied retail building, 2,756 SF parcel zoned C-2 with an Educational and a Historic Landmark District Overlay allowing a maximum height of 50 FT with no setbacks. Allowed uses are mixed retail, multi-unit residential and educational use.
Approximate Net Income: $230,000.00
Bidding ends at noon, September 15, 2026
For Non-Disclosure Agreement and Offering Memorandum e-mail Heather Carnevale / hcarnevale@scottire.net with your name, entity name and contact information.
FOR DETAILS:
Peter M. Scotti & Associates, Inc.
24 Bridge Street, Providence, RI 02903
401-421-8888 / 401-255-7704 (cell)
pmgbs@scottire.net
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
2,125 SF
Building Class
B
Year Built
1938
NOI
$319,698 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.77
Lot Size
0.06 AC
Zoning
C-2 - Commercial District is to accommodate a broad range of retail, service, office, entertainment, and mixed-use activities in areas intended to serve bot
Frontage
Amenities
- Bus Line
- Signalized Intersection
Exceptionally walkable
90/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | PROV-120175-000000-000000 | Improvements Assessment | $841,222 CAD |
| Land Assessment | $1,275,038 CAD | Total Assessment | $2,116,260 CAD |
Property Taxes
Parcel Number
PROV-120175-000000-000000
Land Assessment
$1,275,038 CAD
Improvements Assessment
$841,222 CAD
Total Assessment
$2,116,260 CAD
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225-231 Thayer St
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