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735 Allens Ave Providence, RI 02905

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For Sale
$3,950,000

3.09 acres suitable for mixed-use redevelopment or investment.

Lot size:
3.09 Acres

Property Features for 735 Allens Ave

General Information

Standard status
Active
Lot size
3.09 Acres

Building Details

Year built
1947

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Listing Contact
Jonathan Kaufman
Source: Corcoran

Listing Agency: COMPASS Listing Agent: Jonathan Kaufman

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

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Overview

Full City Block Development Opportunity

This 3.09-acre property offers a full city block development opportunity with frontage on Allens, Virginia, Chapman, and Toronto Avenues. The site has potential for significant subdivision. The buildings, originally home to Armbrust International (est. 1929), reflect over a century of craftsmanship in Providence, once America's Jewelry Capital. Constructed in 1947 and remodeled in 1968, the property blends classic mid-century design with upgraded infrastructure and expanded capacity. The well-maintained buildings total over 100,000 sq ft and feature major updates including heating, HVAC, and roof. The flexible layouts, proven construction, and thoughtful improvements provide both character and long-term investment strength. Potential uses include apartments, life sciences, manufacturing, industrial, office/medical, education, or mixed-use redevelopment. Located in a designated Opportunity Zone, investors may qualify for significant tax benefits, including deferred and reduced capital gains taxes and potential full exclusion on appreciation after 10 years. The property is also available for lease.
Location Intelligence

Current Use by Public Records

Armbrust International Ltd Industrial Manufacturer ZZZ - 123 Co. Metal Fabrication Plant SMT Asphalt & Paving ... General Contractor

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

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City
Providence
County
Providence
State
Rhode Island
Longitude
-71.3987056
Latitude
41.7928949

FAQs

What type of property is this?
Commercial land - 3.09 acres suitable for mixed-use redevelopment or investment.
Where is this commercial land located?
The property is located at 735 Allens Ave Providence, RI.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: - 3.09 Acre Full City Block Development Opportunity with Frontage on Four Avenues.; - Located in a Designated Opportunity Zone offering Significant Tax Benefits.; - 100,000+ sq ft of Well-Maintained Buildings with Major Updates to Heating, HVAC, and Roof.
More about this property
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