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    133 Douglas Ave Providence, RI 02908

    For Sale
    $1,600,000

    Mixed-use, high-traffic location, huge potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    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.

    Property Features for 133 Douglas Ave

    General Information

    Property type
    Amusement parks

    Building Details

    Year Built
    1915
    Buildings
    1
    Stories
    3

    HighLights

    • $1,600,000 asking price.
    • Mixed‑use property encompassing land, retail, industrial, hospitality, office, and self‑storage components.
    • 40,457 square foot lot, featuring a three‑story, 1915‑built building.
    • Prime Providence, RI location at a highway on‑ramp, offering high visibility and traffic.
    • Currently houses a restaurant and event space, with potential for residential redevelopment.
    • 50 parking spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Jake Speakeasy Lounge Lounge Ladder 133 Kitchen ... Bar & Grill

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4204249
    Latitude
    41.8366816

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    FAQs

    What type of property is this?
    Amusement park - Mixed-use, high-traffic location, huge potential.
    Where is this amusement park located?
    The property is located at 133 Douglas Ave Providence, RI.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: $1,600,000 asking price.; Mixed-use property encompassing land, retail, industrial, hospitality, office, and self-storage components.; 40,457 square foot lot, featuring a three-story, 1915-built building.
    Request Owner's contact information
    133 Douglas Ave Providence, RI 02908
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    Providence, RI 02908
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    133 Douglas Ave Providence, RI 02908
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