Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    735 Allens Ave Providence, RI 02905

    Sponsored
    For Sale
    $7,299,000

    Prime RI location, 130K+ SF, mixed-use potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3.09-acre property in Providence, Rhode Island, presents a unique investment opportunity. Located at 735 Allens Avenue, zip code 02905, this mixed-use portfolio comprises five buildings totaling 70,492 square feet, constructed in 1940. The buildings boast frontage on four streets: Allens Avenue, Virginia Avenue, Chapman Avenue, and Toronto Avenue, offering excellent visibility and accessibility. The property sits on a substantial 130,680 square foot lot, providing ample space for redevelopment or expansion. The M1 zoning allows for a variety of uses, including redevelopment projects, multi-family dwellings, and office or medical facilities. This is a rare chance to acquire a significant industrial and commercial property in a thriving Rhode Island location. The asking price is $7,299,000. The property's strategic location within an Opportunity Zone adds further investment appeal. This versatile property is ideal for investors seeking a substantial portfolio with significant redevelopment potential in a prime location. The three-story buildings offer a variety of configurations suitable for a range of commercial and industrial uses. This is a truly unique opportunity to acquire a substantial property with significant upside potential.

    Property Features for 735 Allens Ave

    General Information

    Property type
    Individual retail properties

    Building Details

    Year Built
    1940
    Buildings
    5
    Stories
    3

    HighLights

    • Exceptional 3.09‑acre mixed‑use portfolio in Providence, RI.
    • Five buildings totaling 70,492 square feet on a 130,680 square foot lot.
    • Located at 735 Allens Avenue, Providence, RI 02905, with frontage on four streets.
    • M1 zoning allows for diverse uses, including redevelopment and multi‑family.
    • $7,299,000 asking price in an Opportunity Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Armbrust International Ltd Manufacturer ZZZ - 123 Co. Concrete Metal Framework Supplier SMT Asphalt & Paving ... Paving Contractor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3978433
    Latitude
    41.7928405

    Nearby Similar for Sale

    • $2,975,000
      0.23 Acres

      Income-Generating Multi-Family Opportunity

      Two multi-family homes in Providence's East Side.
      134 Irving Ave, Providence, RI 02906
      View Details
    • $650,000
      Pending

      Spacious Two-Family Home in Providence

      Large two-family home in Providence's Elmwood Historic District.
      118 Moore St, Providence, RI 02907
      View Details
    • $699,999
      0.08 Acres

      Renovated Multi-Family Near Federal Hill

      Renovated 3-family property near Federal Hill and WaterFire Arts Center.
      49 Wealth Ave, Providence, RI 02908
      View Details
    • $999,999
      Pending

      Federal Hill Triplex with Garages

      Three-unit property in Federal Hill with off-street parking.
      41 Almy St, Providence, RI 02909
      View Details
    • $1,029,900
      0.09 Acres

      Providence Multifamily Investment Opportunity

      East Side triplex near Brown University, ideal for investors.
      125 Taber Ave, Providence, RI 02906
      View Details
    • New
      $899,900
      0.07 Acres

      Elmhurst Multifamily-Style Home with ADU

      Rare opportunity: Elmhurst home with legal ADU.
      117 Sharon St, Providence, RI 02908
      View Details
    • $319,900
      0.11 Acres

      Providence Multifamily Renovation Opportunity

      Three-story multifamily home or single-family conversion opportunity in Providence.
      109 Somerset St, Providence, RI 02907
      View Details
    • $599,900
      0.10 Acres

      Providence Multifamily Investment Opportunity

      Well-maintained four-unit property with a mix of layouts.
      57 Fairmount Ave, Providence, RI 02908
      View Details
    • $565,000
      Pending

      Renovated Multifamily Near RI Hospital

      Completely renovated two-family property near RI Hospital and RT 95/195.
      123 Chester Ave, Providence, RI 02907
      View Details
    • $2,095,000
      0.09 Acres

      Providence Multifamily Investment Opportunity

      Two-building, eight-unit property in desirable Fox Point neighborhood.
      84 Transit St, Providence, RI 02906
      View Details
    • $2,095,000
      0.09 Acres

      Providence Multifamily Investment Opportunity

      Eight-unit property in desirable Fox Point neighborhood, Providence.
      84 Transit St, Providence, RI 02906
      View Details
    • $599,900
      0.07 Acres

      Well-Maintained Multifamily Property

      Four units, good-sized lot, off-street parking in Providence, RI.
      53 Fairmount Ave, Providence, RI 02908
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Prime RI location, 130K+ SF, mixed-use potential.
    Where is this individual retail property located?
    The property is located at 735 Allens Ave Providence, RI.
    What is the asking price?
    The asking price for this property is $7,299,000.
    What are key features of this property?
    This property features: Exceptional 3.09-acre mixed-use portfolio in Providence, RI.; Five buildings totaling 70,492 square feet on a 130,680 square foot lot.; Located at 735 Allens Avenue, Providence, RI 02905, with frontage on four streets.
    Request Owner's contact information
    735 Allens Ave Providence, RI 02905
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    735 Allens Ave
    Providence, RI 02905
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    735 Allens Ave Providence, RI 02905
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.