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)
- Tax Year:
- 2025
- Status:
- Closed
- Zoning:
- C2
- Orig Price:
- $749,900
- Waterfront:
- No
- MlsStatus:
- Sold
- City:
- Providence
- State:
- RI
- County:
- Providence
- Postal Code:
- 02908
- Longitude:
- W72° 34' 17''
- Latitude:
- N41° 50' 41.7''
Commercial Sale
544 Douglas Ave, Providence, Rhode Island
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $699,900
- Square Footage :
- 7,936 Sqft
- Year Built :
- 1930
- Lot Area :
- 0.22 Acre
- Listing ID :
- 73476297
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com