735 Allens Avenue, Providence, RI 02905

Building Details

Year Built

1947

Listing agent Jonathan Kaufman Show Phone

Listing office Compass j***@compass.com Show Phone

Listing date Jan 5, 2026

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 Compass

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Overview

This 3.09-acre property, encompassing a full city block with frontage on Allens, Virginia, Chapman, and Toronto Avenues, presents a significant development opportunity with potential for subdivision. The property, originally home to Armbrust International (established in 1929), includes buildings reflecting a century of craftsmanship in Providence, formerly known as America's Jewelry Capital. Constructed in 1947 and remodeled in 1968, the 100,000+ sq ft buildings blend mid-century design with upgraded infrastructure. Major updates include heating, HVAC, and roof improvements. The flexible layouts and proven construction offer 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 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.

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

• Map
• Local Demand

City

Providence

County

Providence

State

Rhode Island

Longitude

-71.3987056

Latitude

41.7928949

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FAQs

What type of property is this?

Commercial land - Full city block for mixed-use redevelopment or investment.

Where is this commercial land located?

The property is located at 735 Allens Avenue 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