133 Douglas AVE Active Save Request In-Person Tour Request Virtual Tour
Providence,RI 02908
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1382730
HOA Y/N No
Year Built 1915
Annual Tax Amount $30,847
Tax Year 2024
Lot Size 0.929 Acres
Property Sub-Type Commercial
Property Description
This prime commercial property in Providence, RI, offers significant residential development potential while maintaining a fully equipped restaurant and event space on the first floor. With 10,000+ square feet on nearly an acre of land, the second and third floors are ideal for residential conversion, meeting the growing demand for housing near Providence College, downtown, and major transit hubs. The high-visibility location at a highway on-ramp makes it perfect for mixed-use development, seamlessly blending modern residences with commercial space. There is also potential for vertical expansion, maximizing the investment's value. The property includes 50 parking spaces, ensuring convenience for both residents and business patrons.The first-floor restaurant space is fully built out and ready for your concept. It features a large dining area, dedicated event space, and an outdoor patio, offering flexibility for various business models. The kitchen is fully equipped with a high-capacity hood system, Ansul system, grill, oven, fryers, and two walk-in coolers. Three fully stocked bars enhance service efficiency, making this an excellent opportunity for a restaurant, bar, or event venue. While the current restaurant business is not included in the sale price, negotiations may be considered.This is a rare opportunity to develop residential units while operating a turnkey restaurant space in a high-demand location. Contact us today to learn more and schedule a confidential viewing.
Location
State RI
County Providence
Zoning c2
Rooms
Basement Partial
Interior
Heating Central
Cooling Central Air
Exterior
Community Features Highway Access,Near Schools,Public Transportation,Street Lights
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Natural Gas Connected,Phone Available,Sewer Connected
Total Parking Spaces 50
Building
Building Description Brick, Public Restrooms
Story 3
Foundation Concrete Perimeter,Slab
Sewer Connected
Water Connected
Level or Stories 3
Structure Type Brick
New Construction No
Others
Tax ID 133DOUGLASAVPROV
Security Features Security System,Building Security,Carbon Monoxide Detector(s),Fire Alarm,Fire Escape,Smoke Detector(s),Fire Sprinkler System