133 Douglas AVE new 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 1388672
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
Please note: this is a real estate-only sale.This prime commercial property in Providence, RI presents a unique opportunity for mixed-use development in a highly visible, high-demand location. Offering over 10,000 square feet of space on nearly an acre of land, this property is ideally situated near major highways, Providence College, downtown, and key transit hubs making it perfect for residential conversion and long-term investment.The existing structure includes a built-out first floor currently configured for restaurant and event use, with expansive indoor space, an outdoor patio, and a large on-site parking lot (please see attached photo for outline). The second and third floors offer excellent potential for residential redevelopment, supporting the strong local demand for housing. There is also potential for vertical expansion to further enhance the property's long-term value. Additionally, a 14,500-square-foot parcel of raw land abutting the parking lot is included in the sale, expanding development possibilities. Please note: this is a real estate-only sale. Furniture, fixtures, equipment (FFE), and business goodwill are not included in the sale price but may be negotiated separately if desired. The current restaurant business is not part of this transaction. This is a rare chance to acquire a significant footprint in a strategic location with high visibility and access. Many opportunities exist for redevelopment, residential use, or continued commercial operation.
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
Virtual Tour https://tour.RiLiving.com/133-Douglas-Avenue-Providence-RI-02908