133 Douglas AveProvidence, RI 02908

This exceptional Providence, RI property, located at 133 Douglas Avenue, presents a unique investment opportunity. The 40,457 square foot lot boasts a three-story, 1915-built building currently housing a successful restaurant and event space. Its strategic highway on-ramp location ensures high visibility and traffic, ideal for a diverse range of businesses. The property's proximity to Providence College, downtown Providence, and public transportation makes it exceptionally well-suited for mixed-use development, potentially incorporating residential units to meet the growing demand for urban living. The existing structure offers over 10,000 square feet of versatile space, adaptable to various commercial uses. Furthermore, the property includes 50 parking spaces, a significant advantage for both residents and patrons. This nearly acre-sized lot offers limitless possibilities for redevelopment, creating a vibrant community hub or a stylish residential complex. The property's diverse zoning allows for commercial, industrial, hospitality, office, retail, and self-storage uses. This is a rare chance to acquire a prime location with significant upside potential in a thriving Rhode Island city. The asking price is $1,600,000.