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56 River St Providence, RI 02908

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For Sale
$499,999

M1-zoned property in high-demand area, ideal for diverse development.

Property Features for 56 River St

General Information

Standard status
Active

Building Details

Year built
1981

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Listing Contact
Maria Santos
Source: Corcoran

Listing Agency: EXP REALTY Listing Agent: Maria Santos

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

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Overview

Providence Development Opportunity For Sale

Located at 56 60 River Ave in Providence, this property presents a rare opportunity for investors and developers. Zoned M1, the site allows for various potential uses, including residential, industrial, warehouse, or investment development. The property features public water and sewer connections, along with over 13 on-site parking spaces. The existing structure is a solid concrete and masonry build, situated on a 7,220 sq. ft. lot, making it suitable for renovation, expansion, or multi-unit conversion. The project is already 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 strategies. The property is located in the Mount Pleasant/Elmhurst area of Providence, close to Downtown and top colleges. Its location provides convenient access to shopping, restaurants, parks, community centers, hospitals, and major commuter routes, including I-95 and Route 146. 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

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

  • Map
  • Local Demand
City
Providence
County
Providence
State
Rhode Island
Longitude
-71.4164312
Latitude
41.8404393

FAQs

What type of property is this?
Commercial land - M1-zoned property in high-demand area, ideal for diverse development.
Where is this commercial land located?
The property is located at 56 River St Providence, RI.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: - M1 Zoning allows for residential, industrial, warehouse, or investment development.; - Approved project transitioning to residential use with two professional plan sets for multi-unit or smaller conversion.; - Large 7,220 sq. ft. lot suitable for renovation, expansion, or multi-unit conversion.
More about this property
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