735 Allens Ave - Office/Residential FOR SALE


Providence, RI 02905- Washington Park
$5,999,000 USD
401-212-0348
735 Allens Ave, Providence, RI for Sale
$5,999,000 USD
Office/Residential - FOR SALE
1/59
null | 7.91% Cap Rate

735 Allens Ave
Providence, RI 02905
Washington Park


HIGHLIGHTS

  • 3.09 Acre site in M1 Opportunity Zone-Industrial/Mixed Use
  • Frontage on 4 Streets
  • 2 miles to central business district and downtown Providence
  • +-90 on-site parking
  • Located near the Concussions Care at Lifespan Physical Medicine and Rehabilitation.

OVERVIEW

Available for Sale or Lease 735 Allens Avenue is a flexible-use, high-visibility commercial property located just 2 miles from Downtown Providence. Positioned on 3.09 acres with frontage on four streets—Allens Avenue, Virginia Avenue, Chapman Avenue, and Toronto Avenue—the property lies within a federally designated Opportunity Zone, offering strong potential for investors, developers, or institutional users. Originally constructed in 1947/1948 (as inscribed on the building) and expanded in 1968, the site includes five active buildings totaling approximately 102,361 SF. The flexible M1 zoning allows for industrial, office, medical, educational, and redevelopment uses.

FOR SALE DETAILS

PRICE

$5,999,000 USD

PRICE/SF

$71 USD /SF

CAP RATE

7.91%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Manufacturing, Warehouse, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

3.09 AC

LAND SF

134,600 SF

ZONING

M1

APN/PARCEL ID

PROV-001010-000519-000000

ASK ABOUT THIS PROPERTY

Patrick FarrellLila Delman Real EstateMore Info
401-212-0348

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Patrick FarrellLila Delman Real EstateMore Info
401-212-0348

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