361 West Fountain Street Providence

$1,250,000
5,227 sq ft

The Property

Incredible investment opportunity in Providence, Rhode Island with preliminary approval in place for the development of 25 residential units. This property offers a rare chance for investors and developers to move forward with a project that already has key groundwork completed, saving valuable time and effort. Positioned in a prime and highly desirable location, this site is ideal for a multi-unit residential project with strong upside potential. Located just minutes from Downtown Providence, offering access to renowned restaurants, nightlife, arts, and entertainment.

Nearby Federal Hill provides some of the area’s best dining and local charm. Convenient access to Interstate 95, Route 6, and Route 10 ensures easy commuting. Close to Brown University, Johnson & Wales University, and Rhode Island Hospital.

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Listing Details

MLS Number

1406731

Lot Size:

0.12 acres

Features

  • Historic
  • Year Built: 1910

Market Trends for Commercial Properties
in Providence

  • Overview
    Homes for Sale Today78-89.9% decrease in inventory
    New on Market *27107.7% increase in new listings
    Avg. Asking Price/Sq.Ft. *$171.79$198 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 Century 21 Limitless

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