3.09 Acres — Full City Block Development Opportunity — A rare urban footprint available. Frontage on Allens, Virginia, Chapman, and Toronto Avenues with potential for significant subdivision into multiple lots, offering additional flexibility for developers and investors. Originally home to Armbrust International (est. 1929), these buildings reflect over a century of craftsmanship in Providence, once America’s Jewelry Capital. Constructed in 1947 and remodeled in 1968, the property blends classic mid-century design with upgraded infrastructure and expanded capacity. Totaling 100,000+ sq ft, the well-maintained buildings feature major updates including heating, HVAC, and roof. Flexible layouts, proven construction, and thoughtful improvements provide both character and long-term investment strength. Potential uses include apartments, life sciences, manufacturing, industrial, office/medical, education, or mixed-use/adaptive reuse redevelopment. The following buildings are part of the property: Main Building: 84,987 Maintenance Building: 4,514 Garage: 1,820 Warehouse 1: 7,560 Warehouse 2: 3,570 Total 102,451 square feet Located near I-95 and Downtown Providence, 735 Allens Avenue is in a designated Opportunity Zone so investors may qualify for significant tax benefits — including deferred and reduced capital gains taxes and potential full exclusion on appreciation after 10 years. This positions the property as one of the most attractive redevelopment opportunities in the region.