540-544 Douglas Ave - Office FOR SALE


Providence, RI 02908- Wanskuck
$749,900 USD
401-480-8990
540-544 Douglas Ave, Providence, RI for Sale
$749,900 USD
Office - FOR SALE
1/24
null | Request Cap Rate

Mar '26


540-544 Douglas Ave
Providence, RI 02908
Wanskuck


HIGHLIGHTS

  • Updated Fire System
  • Minutes From Providence College
  • Development Opportunity

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$749,900 USD

PRICE/SF

$441 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

C2

APN/PARCEL ID

PROV-700120-000000-000000

ASK ABOUT THIS PROPERTY

Pete DufresneKeller Williams - Spectrum RE Consultants TeamMore Info
401-480-8990

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Pete DufresneKeller Williams - Spectrum RE Consultants TeamMore Info
401-480-8990

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.