550 Broad Street #3, Providence, RI 02907 - Photo 1

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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.

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Full Property Details

Full Property Details for 550 Broad St #3

General

Price: $2,650,000
Taxes: $10,077 (2025)
Status: Active
Type: Office
Source: STWMLS
MLS ID: 1423442
Updated: 9/19/2026
Added to Site: 1 day(s) ago

Business

Name: Passion Inc.
Business Type: Accounting, Administrative and Support, Advertising,
Seating Capacity: 10

Rooms

Other Rooms

Laundry: Common Area, Laundry Room

Additional Information

Shared Amenities: Maintenance, Restaurant
Security/Safety: 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

Parking

Total Spaces: 30

Location

County: Providence
Subdivision: Broad Street
Building Name: 550 BROAD STREET
Near Highway: Yes

Heating & Cooling

Central air: Yes
Air Conditioning: Yes
Cooling Type: Ductless, 1 Unit, Window Unit(s), Central Air Conditioning
Heating Type: Baseboard, Common, Gas, Steam

Utilities

Sewer: Connected, Public Sewer, Sewer Assessment(s)
Water: Connected, Multiple Meters, Water Assessment(s), Water Tap Fee, Public
Utility Description: Electricity Available, Natural Gas Available, Natural Gas Connected, Municipal Utilities, Water Connected, Sewer Connected, Underground Utilities

Structural Information

# Buildings: 3
Property Detached: Yes
Architectural Style: Tri-Level, Victorian
Structure Type: Apartment, Multi Family
Detached/Attached: Detached
Construction: Brick, Masonry, Other
Basement: Yes
Basement Desc.: Full
Stories/Levels: 3
Year Built: 1900
Property Condition: Under Construction
Other Struct. Feat.: Cafeteria, Public Restrooms

Unit Information

Vacancy %: 5

Lot Features

Lot Size (Sq. Ft.): 8,276
Lot Size: 8276
Frontage: City Street, State Road, Paved
Street Lights: Yes
Sidewalks: Yes
Lot Features: Corner Lot, Historic District
Potential Use: Commercial, Development, Investment, Multi-Family, Mixed Use, Office, Subdivision, See Remarks, Subdevelopment
Fencing (Description): Fenced

Green Features

Location: Public Transportation, Walkability

Financial Considerations

Tax Amount: $10,077
Tax Year: 2025
Owner Pays: All Utilities, Common Area Maintenance, Electricity, Gas
Tenant Pays: None, See Remarks

Disclosures and Reports

Documents Avail.: Aerial, License(s)
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
Property ID: 550568BROADST3PROV
Lot Number: 35

Listed by Residential Properties Ltd.

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Schools

Schools serving 550 Broad St #3

School District:Providence School District

Name	Grades	Distance
Robert L Bailey IV, Elementary School 65 Gordon Avenue, Providence, RI 02905	K-5	0.5 mi
Alfred Lima Sr. El School 222 Daboll Street, Providence, RI 02907	2-5	0.6 mi
Charles N. Fortes Elementary School 234 Daboll Street, Providence, RI 02907	PK-1	0.6 mi
Gilbert Stuart Middle School 188 Princeton Avenue, Providence, RI 02907	6-8	0.4 mi
Roger Williams Middle School 278 Thurbers Avenue, Providence, RI 02905	6-8	0.9 mi
Nathanael Greene Middle School 721 Chalkstone Avenue, Providence, RI 02908	6-8	1.8 mi
Central High School, Providence, RI 70 Fricker Street, Providence, RI 02903	9-12	0.5 mi
Classical High School, Providence, RI 770 Westminster Street, Providence, RI 02903	9-12	0.5 mi
W B Cooley & Academy Internationa 182 Thurbers Avenue, Providence, RI 02905	9-12	1 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 550 Broad St #3 Get Price Alerts and Save Property

Date

Details

Price

Change

Source

9/18/2026

Listed

$2,650,000

47.22%

MLS

6/20/2025

Sold

$1,800,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 550 Broad St #3

Year

Property Taxes

Change

Tax Assessment

Change

2025

$10,077

46%

$690,200

83%

2024

$6,914

100%

$376,800

—

2023

-100%

$376,800

—

2022

$13,339

27%

$376,800

32%

2021

$10,500

—

$286,100

—

2019

$10,500

100%

$286,100

2018

100%

$279,200

—

2017

100%

$279,200

—

2016

100%

$279,200

2015

100%

$263,700

—

2014

-100%

$263,700

—

2012

$10,702

—

$263,700

—

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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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550 Broad Street #3, Providence, RI 02907 (MLS# 1423442) is a Office property. 550 Broad Street #3 is currently listed for $2,650,000 and was received on September 18, 2026. Want to learn more about 550 Broad Street #3? Do you have questions about finding other Office real estate for sale in Providence? You can browse all Providence real estate or contact a Coldwell Banker agent to request more information.

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550 Broad St #3 Providence, RI 02907