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550 Prairie Ave 2,000 SF of Retail Space Available in Providence, RI 02905
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,000 SF | 1-5 Years | $10.80 /SF/YR $0.90 /SF/MO $21,600 /YR $1,800 /MO | Plus All Utilities |
1st Floor
- Listed lease rate plus proportional share of utilities
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 550 Prairie Ave, Providence, RI 02905
- Tenant
- Description
- US Locations
- Reach
- P & J Auto Sales
- Retailer
- 1
- -
| Tenant | Description | US Locations | Reach |
| P & J Auto Sales | Retailer | 1 | - |
Property Facts
| Total Space Available | 2,000 SF | Year Built | 1950 |
| Property Type | Retail | Parking Ratio | 5.21/1,000 SF |
| Property Subtype | Auto Repair | Cross Streets | Thurbers Ave |
| Gross Leasable Area | 2,350 SF |
| Total Space Available | 2,000 SF |
| Property Type | Retail |
| Property Subtype | Auto Repair |
| Gross Leasable Area | 2,350 SF |
| Year Built | 1950 |
| Parking Ratio | 5.21/1,000 SF |
| Cross Streets | Thurbers Ave |
About the Property
This multi-lot commercial property offers a rare opportunity within the Providence market. Located at the intersection of Prairie Avenue and Thurbers Avenue, the site includes an existing 2,350-square-foot building positioned on approximately 17,000 square feet of land across three parcels. Its flexible design supports a variety of commercial uses, making it ideal for owner-users, investors, or redevelopment. The property benefits from high visibility and strong traffic counts, providing prominent exposure in a well-established business corridor. Ample parking — accommodating approximately 50 to 75 vehicles — adds significant usability for auto-related operations, contractor yards, or service-based businesses. Strategically situated just minutes from I-95 and downtown Providence, the site ensures exceptional access to major highways and city amenities. Owner financing and lease options are available, presenting an accessible entry point for a broad range of business operators or developers seeking high-exposure real estate with growth potential.
- Corner Lot
- Fenced Lot
- Signage
- Signalized Intersection
- Storage Space
Nearby Major Retailers
Contact the Leasing Agent
550 Prairie Ave