544 Douglas Avenue Providence

$699,900
12 8 7,936 sq ft

The Property

Exceptional development opportunity on Douglas Ave with significant income potential, consisting of two buildings in a prime

Providence location, just steps from Providence College. This property is currently used as professional offices, previously used as

apartments. Best use of the property would be a residential apartment conversion, consisting of 7-9 units. The zoning is C2 and

offers excellent flexibility for other uses, such as condo conversion or mixed use.

Rents in the area are very strong, making a

return to residences here a lucrative possibility. Both buildings have updated fire systems, including sprinkler system and fire

alarm panels. On-site paved lot for approximately 12 vehicles adds significant value as parking in the area is difficult to find.

Located near downtown Providence, I-95, and Smith Hill amenities, this property offers strong long-term potential in a high demand corridor. Renderings and plans are for illustrative and proposed purposes only. (Floor Plans available upon request)

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Listing Details

MLS Number

1404786

Lot Size:

0.22 acres

Features

  • Basement: Full, Interior and Exterior, Finished
  • Bus
  • Commuter Bus
  • Highway Access
  • Hospital
  • Interstate
  • Private School
  • Public School
  • Railroad
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Heating: Natural Gas, Forced Air
  • Heating Fuel: Natural Gas, Forced Air
  • Year Built: 1930

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Listed by Keller Williams Leading Edge

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