Exceptional development opportunity on Douglas Ave with significant income potential, consisting of two buildings in a prime Providence location, just steps from Providence College. This property is currently used as professional offices, previously used as apartments. Best use of the property would be a residential apartment conversion, consisting of 7-9 units. The zoning is C2 and offers excellent flexibility for other uses, such as condo conversion or mixed use. Rents in the area are very strong, making a return to residences here a lucrative possibility. Both buildings have updated fire systems, including sprinkler system and fire alarm panels. On-site paved lot for approximately 12 vehicles adds significant value as parking in the area is difficult to find. Located near downtown Providence, I-95, and Smith Hill amenities, this property offers strong long-term potential in a high-demand corridor. (Floor Plans available upon request)
| Location | |
|---|---|
| City/Town | Providence |
| County | Providence |
| Community Features | Bus, Commuter Bus, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Shopping |
| Interior | |
|---|---|
| Living Area | 7,936 sq. ft. |
| Additional Information | |
|---|---|
| Tax Assessment | $708,500 |
| Exterior | |
|---|---|
| Acreage | 0.22 |
Information is deemed reliable but is not guaranteed.
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