RI > Providence
Providence, RI 02908,133 Douglas AVE
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Jennifer Cosgrove O'Leary

Jennifer Cosgrove O'Leary

Greenwich Bay Brokers

+1(401) 269-6015
$ 1,200,000
Est. payment /mo
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133 Douglas AVE Providence, RI 02908

0.93 Acres Lot

UPDATED:

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

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Listed by J. Christopher Real Estate Grp
agent

Jennifer Cosgrove O'Leary

Broker/Owner | License ID: REB.0019311

+1(401) 269-6015

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133 Douglas AVE