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$ 1,200,000
Est. payment /mo
Active
464 Silver Spring ST Providence, RI 02904
0.37 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1380396
HOA Y/N No
Annual Tax Amount $2,024
Tax Year 2024
Lot Size 0.370 Acres
Property Sub-Type Commercial
Property Description
Located at 464 Silver Spring Street in the heart of Providence, RI, this property offers a remarkable 16,000 square foot lot with
commercial (C3) zoning, providing exceptional development potential. Positioned in a prime area, the location allows for the best
use of 40+ units across the entire lot, making it an ideal opportunity for residential or mixed-use development. The existing
church building, which is fully operational, sits along Silver Spring Street, while the parking lot is accessible from Swift Street. The
expansive parking area presents opportunities for future growth, including the potential for subdivision or redevelopment.
Currently, the church houses multiple congregations that provide a steady rental income stream, while also maintaining its taxexempt status as a place of worship. This property combines an active, income-generating facility with outstanding development
potential in a highly desirable location, perfect for maximizing its future value.
commercial (C3) zoning, providing exceptional development potential. Positioned in a prime area, the location allows for the best
use of 40+ units across the entire lot, making it an ideal opportunity for residential or mixed-use development. The existing
church building, which is fully operational, sits along Silver Spring Street, while the parking lot is accessible from Swift Street. The
expansive parking area presents opportunities for future growth, including the potential for subdivision or redevelopment.
Currently, the church houses multiple congregations that provide a steady rental income stream, while also maintaining its taxexempt status as a place of worship. This property combines an active, income-generating facility with outstanding development
potential in a highly desirable location, perfect for maximizing its future value.
Location
State RI
County Providence
Exterior
Utilities Available Sewer Connected
Total Parking Spaces 50
Building
Sewer Connected
Structure Type Other
New Construction No
Others
Tax ID 464SILVERSPRINGSTPROV
Virtual Tour https://tour.RiLiving.com/464-Silver-Spring-Street-Providence-RI-02904
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Listed by Century 21 The Seyboth Team