56 River St Providence, RI 02908
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
Source:
Corcoran
Listing Agency: EXP REALTY Listing Agent: Maria Santos
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
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
Location Insight
- Map
- Local Demand
- City
- Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.4164312
- Latitude
- 41.8404393
Nearby Similar for Sale
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.
