735 Allens AveProvidence, RI 02905

This exceptional 3.09-acre property in Providence, Rhode Island, presents a unique investment opportunity. Located at 735 Allens Avenue, zip code 02905, this mixed-use portfolio comprises five buildings totaling 70,492 square feet, constructed in 1940. The buildings boast frontage on four streets: Allens Avenue, Virginia Avenue, Chapman Avenue, and Toronto Avenue, offering excellent visibility and accessibility. The property sits on a substantial 130,680 square foot lot, providing ample space for redevelopment or expansion. The M1 zoning allows for a variety of uses, including redevelopment projects, multi-family dwellings, and office or medical facilities. This is a rare chance to acquire a significant industrial and commercial property in a thriving Rhode Island location. The asking price is $7,299,000. The property's strategic location within an Opportunity Zone adds further investment appeal. This versatile property is ideal for investors seeking a substantial portfolio with significant redevelopment potential in a prime location. The three-story buildings offer a variety of configurations suitable for a range of commercial and industrial uses. This is a truly unique opportunity to acquire a substantial property with significant upside potential.