56 60 River Avenue Providence

$449,000
7,220 sq ft

The Property

INVESTOR ALERT 56–60 River Ave presents a prime value-add opportunity with plans already in place for multi-unit residential conversion.

Property features M1 zoning, public water & sewer, 13+ parking spaces, and a solid masonry structure ready for redevelopment. Two professional plan sets included, offering flexibility to maximize returns.

Strategically located near Downtown Providence, major highways, hospitals, and top colleges ideal for rental or mixed-use potential.


Easy to show – vacant strong upside with proper execution. Buyer to perform due diligence on zoning and plans

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Listing Details

MLS Number

1401652

Lot Size:

0.17 acres

Features

  • Basement: Partial
  • Bus
  • Commuter Bus
  • Highway Access
  • Hospital
  • Interstate
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Business Center
  • Community Building
  • Playground
  • Restaurant
  • Laundry
  • Paved
  • Downtown
  • Industrial Park
  • Park
  • Shopping Mall
  • Year Built: 1981

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Market Trends for Commercial Properties
in Providence

  • Overview
    Homes for Sale Today78-89.9% decrease in inventory
    New on Market *2566.7% increase in new listings
    Avg. Asking Price/Sq.Ft. *$173.95$152 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$375,000$602,500 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *84.62%-13.3% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$78.12$422 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *148105 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 Exp Realty

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