735 Allens Ave Providence, RI 02905

This exceptional 70,492-square-foot industrial property, situated on a 3.085-acre lot in Providence, Rhode Island, presents a compelling investment opportunity. The property, located at 735 Allens Ave, 02905, boasts a strategic location just two miles from Providence's central business district, offering convenient access to major transportation routes. The property features five buildings, spanning three stories, and constructed in 1980. The existing structure is classified as Class C and currently operates as a single-tenant facility. The property includes one loading dock and ample on-site parking. The M1 zoning designation unlocks significant potential for mixed-use redevelopment, including possibilities for multi-family residential or office/medical uses. The property's substantial size and versatile zoning, combined with its proximity to downtown Providence, make it an attractive prospect for investors seeking a high-return opportunity. The asking price is $7,299,000, translating to $103.54 per square foot. The property's strategic location within an Opportunity Zone further enhances its investment appeal. The property has frontage on Allens Avenue, Virginia Avenue, Chapman Avenue, and Toronto Avenue. The APN is PROV-001010-000519-000000.