Hope Street Commercial and Residential Block for Sale $2,175,000
GoLocalProv and Residential Properties Content Partnership
Hope Street Commercial and Residential Block for Sale $2,175,000
One of the most prominent retail strips on Hope Street in Providence is now on the market.
These two adjacent structures also include four residential properties — the combination diversifies revenue.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTResidential Properties is offering the properties at the asking price of $2,175,000.
A rare opportunity to acquire a highly visible corner and some of the East Side's most prominent real estate. Welcome to 771-773 Hope Street and 75-79 Burlington Street - two properties offered together on a single parcel, positioned in the heart of Hope Village with exceptional exposure and steady foot traffic.
The commercial space at the corner of Hope and Burlington is a ground-level restaurant with a full bar and expansive, adaptable layout, now home to a highly anticipated new East Side culinary destination, Ciao Ciao, poised to draw attention from across the area. Complementing the main restaurant are three additional commercial spaces along Burlington Street, currently occupied by a tailor, pet groomer, and tattoo studio, creating a diverse and dependable mix of neighborhood-serving businesses.
Residential
Above, four residential units - 3 one-bedroom, one-bath and 1 two-bedroom, two-bath - provide a strong income-producing component and added flexibility.
The Hope Street Neighborhood
“This mile-and-a-half stretch of Hope Street was not the brainstorm of developers or academics, it just happened organically. That's what makes it so appealing and also worthy of study.
If Hope Street is vibrant, it is not because of sell-your-soul-to-the-day-trippers Newport-like tourism. Nor is it because of some large savior-like project, such as Providence Place Mall (and we know how that has turned out)
Individual shopkeepers own almost all of the many businesses along upper Hope Street. The only chain stores are a couple of filling stations, two banks, and a CVS. This translates into a commitment to the neighborhood, where the personality of the storeowners is an enticement in attracting people to shop and eat there."
The properties are surrounded by a vibrant mix of restaurants, cafes, boutiques, and everyday conveniences, and benefiting from proximity to Seven Stars Bakery, Blackstone Boulevard, College Hill, and the Pawtucket line, this location captures a broad and consistent customer base. Offered as real estate only, this is a standout chance to take hold of a well-positioned asset in one of Providence's most dynamic and enduring neighborhoods.
