735 Allens Ave - Manufacturing FOR SALE


Providence, RI 02905- Washington Park
$3,950,000 USD
401-489-7056
735 Allens Ave, Providence, RI for Sale
$3,950,000 USD
Manufacturing - FOR SALE
1/54
null | Request Cap Rate

735 Allens Ave
Providence, RI 02905
Washington Park


HIGHLIGHTS

  • Full city block (3.09 acres) opportunity with potential for significant subdivision to multiple lots, offering added development flexibility.
  • Prominent frontage to Allens, Virginia, Chapman, and Toronto Avenues, delivering robust daily visibility to over 15,000 passing vehicles.
  • Just 10 minutes from downtown, 735 Allens Avenue is in a well-connected location offering convenient access to Interstates 95 and 195.
  • Within a designated Opportunity Zone, offering potential for deferred/reduced capital gains taxes and full exclusion on appreciation after 10 years.
  • Well-maintained 5-building portfolio (100,000+ SF), including the former home of Armbrust International, reflecting over a century of craftsmanship.
  • Extensively upgraded facility, with updates and improvements completed to the heating, HVAC, LED lighting systems, and roof.

OVERVIEW

Discover this rare investment opportunity at 735 Allens Avenue, offering a full city block in Providence. This high-impact property enjoys frontage on Allens, Virginia, Chapman, and Toronto Avenues, with the potential for a significant subdivision into multiple lots, delivering added flexibility to developers. Situated on 3.09 acres, these versatile properties were originally the home to Armbrust International (established 1929), reflecting over a century of craftsmanship in Providence, once America’s Jewelry Capital. The property was constructed in 1947 and remodeled in 1968, blending classic design with upgraded infrastructure and expanded capacity. Totaling more than 100,000 square feet, the well-maintained buildings feature major updates, including heating, HVAC, and the roof. With flexible layouts, proven construction, and thoughtful improvements, the property provides both character and long-term investment strength. Potential uses include apartments, life sciences, manufacturing, industrial, office/medical, education, or mixed-use redevelopment. The superior location off Allens Avenue provides robust daily visibility to more than 15,000 vehicles, delivering added strength to all manner of commercial developments. Additionally, the property’s proximity to major highways, including Interstates 95 and 195, ensures seamless regional connectivity to the site. Situated within a designated Opportunity Zone, investors may qualify for substantial tax benefits, including deferred and reduced capital gains taxes and potential full exclusion on appreciation after 10 years.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$46 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

R&D, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1947

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

15.166666666666666 Ft

DOCKS

2

DRIVE INS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

3.09

LAND SF

134,600

ZONING

M1

APN/PARCEL ID

PROV-001010-000519-000000

ASK ABOUT THIS PROPERTY

Jonathan KaufmanCompassMore Info
401-489-7056

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Jonathan KaufmanCompassMore Info
401-489-7056

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