56 60 River Avenue Providence

$549,999
7,220 sq ft

The Property

This rare investor and developer opportunity at 56–60 River Ave, Providence offers an M1-zoned property with approved potential uses including residential, industrial, warehouse, or investment development. It features public water & sewer, 13+ on-site parking spaces, a solid concrete/masonry structure, and a large 7,220 sq. ft. lot ideal for renovation, expansion, or multi-unit conversion.

The project has already begun transitioning into residential use and includes two professional plan sets one for a larger multi-unit concept and another for a smaller conversion providing full flexibility for your investment strategy. Located in Providence’s high-demand Mount Pleasant/Elmhurst area, the property is just minutes from Downtown, top colleges in Providence, and is close to shopping, restaurants, parks, community centers, hospitals, and major commuter routes including I-95 & Route 146. This makes it a prime location for multi-unit housing, student rentals, corporate rentals, or mixed-use development.

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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 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 Exp Realty

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