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Providence Land Development Opportunity
For Sale
$1,100,000

361 West Fountain Street Providence, Providence, RI 02903

Land with preliminary approval for 25 residential units.

Property SizeContact for details
Days on Market91

Property Features for 361 West Fountain Street Providence

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $11,011

Building Details

Year Built 1910
Buildings 1
Listing Agency:
Listed By: Leanne McCormick
Source: Milestonerealtyinc
Added: May 15 Changed: Aug 8 Last Checked: Aug 8 at 3:16PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Leanne McCormick

Investment Insights

Based on property information with market context.

This property in Providence, Rhode Island, presents an investment opportunity with preliminary approval for the development of 25 residential units. The site is positioned in a location considered prime and desirable, suitable for a multi-unit residential project. It is located minutes from Downtown Providence, providing access to restaurants, nightlife, arts, and entertainment. Nearby Federal Hill offers dining and local charm. The property provides convenient access to Interstate 95, Route 6, and Route 10, ensuring commuting options. It is also located close to Brown University, Johnson & Wales University, and Rhode Island Hospital.

Key Highlights

  • Preliminary approval for 25 residential units in place, saving time and effort.
  • Prime and highly desirable location for a multi‑unit residential project.
  • Minutes from Downtown Providence's restaurants, nightlife, arts, and entertainment.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Pet Grooming Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store Locksmith Daycare Center Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,565
Businesses Nearby

Demographics for 02903, RI

13,264
Population
6,588
Households
2
Avg Household Size
33
Median Age
53%
College-Educated
89%
High-School Grad
1.7 sq mi
ZIP Area
7,802
Density / Sq Mi
$62,987
Median Household Income
$40,294
Median Earnings
$1,640
Median Rent
$365,600
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Commercial land - Land with preliminary approval for 25 residential units.
Where is this commercial land located?
The property is located at 361 West Fountain Street Providence Providence, RI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Preliminary approval for 25 residential units in place, saving time and effort.; Prime and highly desirable location for a multi‑unit residential project.; Minutes from Downtown Providence's restaurants, nightlife, arts, and entertainment.
More about this property
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