$899,000
About this home
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!
Property details
- MLS #
- 1409120
- Property type
- Commercial,Commercial Sale
- Subdivision
- Elmwood/South Providence
- Status
- Active
- Days on market
- 116
- On market date
- April 3, 2026
- Stories
- 1
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- 75
- Lot size
- 18,000 sqft
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).
- Enrollment
- 572
- Student:teacher ratio
- 14.7:1
- District
- Providence
- Enrollment
- 735
- Student:teacher ratio
- 13.6:1
- District
- Providence
- Enrollment
- 319
- Student:teacher ratio
- 11.4:1
- District
- Providence
Walkability
Blended score for Providence's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Providence, from live MLS data.
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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated April 14, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.