735 Allens Ave Providence, RI 02905
Property Features for 735 Allens Ave
General Information
- Standard status
- Active
- Lot size
- 3.09 Acres
Building Details
- Year built
- 1947
Source:
Corcoran
Listing Agency: COMPASS Listing Agent: Jonathan Kaufman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
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
Location Insight
- Map
- Local Demand
- City
- Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.3987056
- Latitude
- 41.7928949
Nearby Similar for Sale
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.
