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Commercial Land With Preliminary Approval
For Sale
$1,100,000

361 W Fountain Street, Providence, RI 02903

Commercial/Business,Commercial Sale, Providence, RI

Property SizeContact for details
Lot Size0.12 Acres
Days on Market125

Property Features for 361 W Fountain Street

General Information

Property type Commercial Sale
Property subtype Other
Lot features Historic
Standard status Active
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 11011

Utilities

Sewer type Public Sewer

Building Details

Year built 1910
Building materials Masonry
Listing Agency: Century 21 Limitless · Century 21 Real Estate
Listed By: Kyle Seyboth · License #32535
Added: Apr 24 Changed: Aug 19 Last Checked: Aug 26 at 7:06AM
MLS# 1406731

Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 0.12-acre commercial land offering includes preliminary approval for a 25-unit residential development. The property has public sewer service and a masonry structure dating to 1910, providing existing site and building characteristics for further evaluation.

Located in Providence, the property is near Downtown Providence, Federal Hill, Brown University, Johnson & Wales University, and Rhode Island Hospital. Interstate 95, Route 6, and Route 10 provide regional access, while nearby restaurants, nightlife, arts, and entertainment add to the surrounding urban context.

Key Highlights

  • Preliminary approval for development of 25 residential units
  • 0.12‑acre commercial land parcel
  • Public Sewer service

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
105k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 49% Shops & Services 45% Hotels & Casinos 6%
McDonald's Dining
24,102 visits/mo 0.3 miles
Bank of America Shops & Services
14,766 visits/mo 0.4 miles
Dollar Tree Shops & Services
13,630 visits/mo 0.5 miles
Burger King Dining
9,666 visits/mo 0.3 miles
KFC Dining
8,825 visits/mo 0.4 miles

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

Market

Vacancy Rate% for Retail in Providence, RI

8.5% 2019
8.8% 2020
7.9% 2021
6.2% 2022
6% 2023
5% 2024
6.7% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Preliminary approval supports a proposed 25-unit residential development near downtown Providence.
Where is this commercial land located?
The property is located at 361 W Fountain Street 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 development of 25 residential units; 0.12‑acre commercial land parcel; Public Sewer service
More about this property
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