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Jennifer Cosgrove O'Leary

jen@greenwichbaybrokers.com +1(401) 269-6015

$ 999,990

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 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

Listed by J. Christopher Real Estate Grp

Jennifer Cosgrove O'Leary

Broker/Owner | License ID: REB.0019311

+1(401) 269-6015

Jennifer Cosgrove O'Leary

133 Douglas AVE Providence, RI 02908

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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133 Douglas AVE