735 Allens Avenue Providence

$3,950,000
134,436 sq ft

The Property

3.09 Acres – Full City Block Development Opportunity – Frontage on Allens, Virginia, Chapman, and Toronto Avenues with potential for significant subdivision. Originally home to Armbrust International (est. 1929), these buildings reflect over a century of craftsmanship in Providence, once America’s Jewelry Capital. Constructed in 1947 and remodeled in 1968, the property blends classic mid-century design with upgraded infrastructure and expanded capacity.

Totaling 100,000+ sq ft, the well-maintained buildings feature major updates including heating, HVAC, and roof. Flexible layouts, proven construction, and thoughtful improvements provide both character and long-term investment strength. Potential uses include apartments, life sciences, manufacturing, industrial, office/medical, education, or mixed-use redevelopment. Located in a designated Opportunity Zone, investors may qualify for significant tax benefits — including deferred and reduced capital gains taxes and potential full exclusion on appreciation after 10 years. Also available for lease.

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Listing Details

MLS Number

1402530

Lot Size:

3.09 acres

Features

  • Elevator
  • Restrooms
  • Security
  • Sprinklers
  • Bus
  • Commuter Bus
  • Highway Access
  • Hospital
  • Interstate
  • Private School
  • Public School
  • Railroad
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Heating: Baseboard, Central Air
  • Heating Fuel: Baseboard, Central Air
  • Fenced
  • Security
  • Industrial Park
  • Year Built: 1947

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Listed by Compass

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