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Providence M1-Zoned Development Opportunity

56 60 River Avenue, Providence, RI 02908

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For Sale

$494,999

M1-zoned property suitable for residential, industrial, or warehouse development.

Type:Commercial

Lot size:

0.17 Acres

HighLights

M1 Zoning allows for diverse development options.
Approved project with two professional plan sets for multi‑unit or smaller conversion.
Prime location in high‑demand Mount Pleasant/Elmhurst, minutes from Downtown, colleges, and amenities.
Large 7,220 sq. ft. lot suitable for renovation, expansion, or multi‑unit conversion.
Boasts 13+ on‑site parking spaces.
Solid concrete/masonry structure.

We can help!

Listing Contact

Maria Santos

Learn more

For Sale

$494,999

M1-zoned property suitable for residential, industrial, or warehouse development.

Type:Commercial

Lot size:

0.17 Acres

Added:: Dec 11, 2025
Days on Market:: 183
Last Refresh:: Apr 25 at 6:27 am

Property Features for 56 60 River Avenue

General Information

Standard status: Active
Lot size: 0.17 Acres
Property subtype: Commercial

Building Details

Year Built: 1981

We can help!

Listing Contact

Maria Santos

Listing agent Maria Santos

Listing office eXp Realty

Listing date Dec 11, 2025

Source Liongatere

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 eXp Realty

HighLights

M1 Zoning allows for diverse development options.
Approved project with two professional plan sets for multi‑unit or smaller conversion.
Prime location in high‑demand Mount Pleasant/Elmhurst, minutes from Downtown, colleges, and amenities.
Large 7,220 sq. ft. lot suitable for renovation, expansion, or multi‑unit conversion.
Boasts 13+ on‑site parking spaces.
Solid concrete/masonry structure.

Overview

Located at 56 60 River Ave in Providence, this property presents a rare opportunity for investors and developers. Zoned M1, the 7,220 sq. ft. lot supports various potential uses, including residential, industrial, warehouse, or investment development. The existing solid concrete and masonry structure is suitable for renovation, expansion, or multi-unit conversion. The property benefits from public water and sewer services and includes over 13 on-site parking spaces. The project has started transitioning into residential use and includes two professional plan sets, one for a larger multi-unit concept and another for a smaller conversion, providing flexibility for investment strategy. Situated in the Mount Pleasant/Elmhurst area of Providence, the location offers convenient access to Downtown, top colleges, shopping, restaurants, parks, community centers, and hospitals. Major commuter routes, including I-95 and Route 146, are also nearby. This location is suitable for multi-unit housing, student rentals, corporate rentals, or mixed-use development.

Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: Providence
County: Providence
State: Rhode Island
Longitude: -71.4364629
Latitude: 41.8293433

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For sale
Commercial land
RI
Providence
02908
56 60 River Avenue

What type of property is this?

Commercial land - M1-zoned property suitable for residential, industrial, or warehouse development.

Where is this commercial land located?

The property is located at 56 60 River Avenue Providence, RI.

What is the asking price?

The asking price for this property is $494,999.

What are key features of this property?

This property features: M1 Zoning allows for diverse development options.; Approved project with two professional plan sets for multi‑unit or smaller conversion.; Prime location in high‑demand Mount Pleasant/Elmhurst, minutes from Downtown, colleges, and amenities.