735 Allens Ave - Office/Residential FOR SALE


Providence, RI 02905
$7,299,000 USD
401-212-0348
735 Allens Ave, Providence, RI for Sale
$7,299,000 USD
Office/Residential - FOR SALE
1/59
null | 6.5% Cap Rate

735 Allens Ave
Providence, RI 02905


HIGHLIGHTS

  • 3.09 Acres in Opportunity Zone
  • Potential Mixed-use, free standing building
  • 2 miles to central business district and downtown Providence
  • Abundant on-site parking
  • Located near the Concussions Care at Lifespan Physical Medicine and Rehabilitation.

OVERVIEW

Built in 1940 with a renovation in 1964 this property consists of 6 total buildings and sits on 3.09 Acres in an Opportunity Zone. M1 Zoning provides potential for mixed-use property; main building is 84,897 sq ft, Warehouse 1 is 3,570 sq ft, Warehouse 2 is 7,560 sq ft, Maintenance Building is 4,514 sq ft, Training Building is 1,550 sq ft and the on site garage is 1,820 sq ft. This property has frontage on Allens Avenue, Virginia Avenue, Chapman Avenue and Toronto Avenue. Possible uses: school, redevelopment, office/medical.

FOR SALE DETAILS

PRICE

$7,299,000 USD

PRICE/SF

$94 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Distribution, Manufacturing, Warehouse

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

3.09 AC

LAND SF

134,600 SF

ZONING

M1

APN/PARCEL ID

PROV-001010-000519-000000

ASK ABOUT THIS PROPERTY

Patrick FarrellLila Delman Real EstateMore Info
401-212-0348

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Patrick FarrellLila Delman Real EstateMore Info
401-212-0348

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.