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133 Douglas Avenue Providence

$1,600,000
40,457 sq ft

The Property

Unlock the potential of this prime commercial property in Providence, RI, featuring over 10,000 square feet of versatile space on nearly an acre of land. Ideally situated at the highway on-ramp, this location boasts exceptional visibility and a high traffic count, making it perfect for a wide range of businesses. Currently home to a thriving restaurant and event space (NOT INCLUDED IN THE SALE PRICE), the property also presents an exciting opportunity for residential development.

With close proximity to Providence College, which is continuously growing, as well as downtown Providence, bus stations, and the train station, this site is perfectly positioned to accommodate housing or condominium development.

Imagine creating mixed-use space that combines modern residences with commercial units, catering to the increasing demand for urban living. Additionally, the property includes 50 parking spots, ensuring convenience for residents and customers alike. Whether you envision a vibrant community hub or a stylish residential complex, this property is primed for transformation. Don’t miss your chance to invest in a location with limitless possibilities—contact us today for more details and to schedule a viewing!

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Listing Details

MLS Number

1369097

Lot Size:

0.93 acres

Features

  • Basement: Partial
  • Restrooms
  • Sprinklers
  • Bus
  • Commuter Bus
  • Highway Access
  • Interstate
  • Private School
  • Public School
  • Heating: Central
  • Heating Fuel: Central
  • Local Historic District
  • Free Standing
  • Year Built: 1915

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Market Trends for Commercial
in Providence

  • Overview
    Homes for Sale Today59-14.5% decrease in inventory
    New on Market *10-41.2% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$195.28$115 increase in List Price/Sq.Ft.
    Avg. Sale Price *$506,625$213,375 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *101.23%-0.4% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$196.72$41 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *15961 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by J. Christopher Real Estate Grp

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