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Multifamily Development Site with Approval

361 West Fountain Street Providence, RI 02903

361 West Fountain Street, Providence, RI, 02903
$1,100,000
For Sale
$1,100,000

Preliminary approval for 25 residential units makes this Providence multifamily site move-in-ready for development planning.

Days on Market86

Property Features for 361 West Fountain Street

General Information

Standard status
Active
Property subtype
Commercial

Building Details

Year Built
1910
Listing Agency Century 21 Limitless
Listed by Kyle Seyboth · License #REC.0005226
Source Liongatere
Added: Apr 24 Checked: Jul 17 at 10:04 am

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 Century 21 Limitless


Investment Insights

Based on property information with market context.

This Providence, Rhode Island multifamily property has preliminary approval in place for the development of 25 residential units. The groundwork for the project is already underway, positioning the site for an organized path toward residential redevelopment.

The property is located just minutes from Downtown Providence, with access to area dining, nightlife, arts, and entertainment. Nearby Federal Hill is referenced in the marketing remarks as a local dining and neighborhood draw, and the site is also described as providing convenient access to Interstate 95, Route 6, and Route 10 for regional commuting.

For buyers and developers looking for a residential redevelopment opportunity, the key differentiator is the preliminary approval for 25 units and the reported project groundwork that has been completed to date. The site is also noted as being close to Brown University, Johnson & Wales University, and Rhode Island Hospital, which may support tenant demand for purpose-built residential housing in the broader area.

Key Highlights

  • Preliminary approval for 25 residential units for a multifamily development in Providence, RI
  • Year built: 1910
  • Minutes from Downtown Providence, with access to Federal Hill nearby

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

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

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

FAQs

What type of property is this?
Apartment building - Preliminary approval for 25 residential units makes this Providence multifamily site move-in-ready for development planning.
Where is this apartment building located?
The property is located at 361 West 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 25 residential units for a multifamily development in Providence, RI; Year built: 1910; Minutes from Downtown Providence, with access to Federal Hill nearby
Contact an agent
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