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161 Benefit St Providence, RI 02903

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For Sale
$6,850,000

Income-producing property near Brown University and RISD with parking.

Property size:
9,687 SF
Lot size:
0.18 Acres

Property Features for 161 Benefit St

General Information

Standard status
Active
Size
9,687 SF
Lot size
0.18 Acres

Building Details

Year built
1876

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Listing Contact
Jim Derentis
Source: Corcoran

Listing Agency: RESIDENTIAL PROPERTIES LTD. Listing Agent: Jim Derentis

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Benefit Street Mixed-Use Investment

The George Earle Building presents a unique opportunity to acquire an income-producing property on Benefit Street in Providence's College Hill neighborhood, near Brown University and RISD. This multi-use, 4-level brick building features 12 units, including 3 commercial spaces on the first floor and 9 residential units on the upper three floors. Common areas underwent extensive renovations in 2024, resulting in elegant stairways and corridors. The three commercial spaces on the first floor are currently combined and leased to a local restaurant. This space features walls of glass, exposed brickwork, and city views. The front of the building has been restored with custom wood doors and windows, and millwork. All nine residential units feature ceilings, in-unit laundry, stone flooring, and original historic details including plaster moldings and marble fireplaces. Many units offer views of Benefit Street and the surrounding neighborhood. The property size is 9687 square feet. The listing includes the buildable lot at 54 Meeting Street, zoned R-3 HD, currently used as 10 parking spaces.
Location Intelligence

Current Use by Public Records

Den Den Café ... Restaurant

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Law Firm Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Providence
County
Providence
State
Rhode Island
Longitude
-71.4081356
Latitude
41.8288095

FAQs

What type of property is this?
Mixed-use property - Income-producing property near Brown University and RISD with parking.
Where is this mixed-use property located?
The property is located at 161 Benefit St Providence, RI.
What is the asking price?
The asking price for this property is $6,850,000.
What are key features of this property?
This property features: - Prime location on Benefit Street in College Hill, steps from Brown University and RISD.; - Income-producing property with a mix of commercial and residential units.; - Long-term lease with a top local restaurant as a commercial tenant.
More about this property
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