113 Broadway Providence, RI 02903-3051

Property Details for 113 Broadway

Year built

1920

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.11 lot acres

Property size

6,955 SF

Zone code

C-2

Property type

Showrooms

APN

PROV M:25 L:11

APU

PROVM25L11

Description

This exceptional 8,010 square foot property at 113 Broadway in Providence, Rhode Island, presents a compelling redevelopment opportunity. Situated on a 4,666 square foot lot, this three-story, 1920-built building currently functions as an auto shop, but its C2 zoning unlocks a multitude of possibilities. The asking price is $750,000, translating to $93.63 per square foot. Its location at the beginning of the thriving Broadway corridor positions it ideally for various uses. Potential redevelopment scenarios include main street commercial ventures, hospitality establishments, multifamily housing, office spaces, or institutional buildings. The high demand for residential units in the area, coupled with the property's proximity to the Downcity Commercial Zone, makes this a particularly attractive investment. The existing structure offers a solid foundation for a significant project, capitalizing on the current market trends and the advantageous C2 zoning. This is a rare chance to acquire a strategically located property with substantial redevelopment potential in a rapidly growing area of Providence.