1137 Broad Street Providence

$1,499,999
7,405 sq ft

Map View Street View

The Property

Prime Commercial Property with Expansion Potential

This two-story commercial building offers a rare combination of character, flexibility, and future development potential. Whether you’re an investor, developer, or business owner, this property presents a unique opportunity to shape a premier space in one of the city’s most vibrant neighborhoods.

With its prime location and flexible zoning, the building is perfectly suited for conversion into residential units, commercial condos, or a mixed-use concept. Boasting classic architectural charm, large storefront windows, and open interiors, the existing structure is ready for reimagining.

Boasting classic architectural details and modern updates, the building features expansive street-level windows, original brickwork, high ceilings, and versatile open-plan layouts on both floors. This well-maintained structure provides a rare opportunity to own a piece of history while positioning your business in one of the city’s most vibrant and walkable neighborhoods.

Even more enticing, the property is eligible for vertical expansion—up to two additional stories or a total height of 50 feet, pending city approval. This unlocks exceptional value for those looking to capitalize on the growing demand for residential and commercial space in a thriving urban setting. Don’t miss this opportunity.

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Listing Details

MLS Number

1388223

Lot Size:

0.17 acres

Features

  • Heating: Gas Connected
  • Heating Fuel: Gas Connected
  • Local Historic District
  • Historic
  • Year Built: 1920

Market Trends for Commercial Properties
in Providence

  • Overview
    Homes for Sale Today74-89.5% decrease in inventory
    New on Market *10-47.4% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$75.17$58,670 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$485,000$471,250 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *97.19%3.7% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$180.97$24 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *48460 decrease 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 Innovations Realty

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