544 Douglas Avenue, Providence
544 Douglas Avenue, Providence
544 Douglas Avenue, Providence
544 Douglas Avenue, Providence
544 Douglas Avenue, Providence
544 Douglas Avenue, Providence

544 Douglas Avenue Providence

$795,000
9,583 sq ft

Map View Street View

The Property

Investors Take Notice! Rare opportunity to own two adjacent office buildings on Douglas Avenue in the heart of Providence, just around the corner from Providence College. This property offers flexibility for a wide range of uses—maintain as professional office space, convert to multifamily housing, develop into condos, or rebuild for a larger residential/mixed-use project. Two buildings on one lot – currently used as professional office space. Updated to current fire codes – fire alarm box & full sprinkler system, HVAC systems, are already in each building.

Paved parking for 12 vehicles – a major plus in this area.

Prime redevelopment potential – area is growing, desirable, and in demand for student, faculty, and workforce housing Location! Steps from Providence College, with easy access to downtown Providence, I-95, and Smith Hill amenities

Investment Opportunity Whether you are an investor seeking strong redevelopment upside, or an owner-user looking for a prime office location with parking, this property delivers. With demand for apartments and condos surging in the neighborhood, the potential to reposition this asset into residential use is clear.

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Listing Details

MLS Number

1396886

Lot Size:

0.22 acres

Features

  • Basement: Full
  • Urban
  • Year Built: 1930

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Market Trends for Commercial Properties
in Providence

  • Overview
    Homes for Sale Today63-91.1% decrease in inventory
    New on Market *14100% increase in new listings
    Avg. Asking Price/Sq.Ft. *$254.73$426 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$1,017,100$999,567 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *89.91%-5% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$268.70$129 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *11218 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 Rob Levine Realty Llc

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