Financial
Distress signals
Property profile

361 West Fountain St Providence, RI 02903

FOR SALE
Other industrial properties
Property ID
US76-0145965
9,768 SF 0.12 ac lot Built 1910
Last sale Nov 2025 · $706,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This Providence, Rhode Island parcel is being positioned for residential redevelopment and has preliminary approval in place for the development of 25 residential units, with project groundwork reported as already underway. The site is located within minutes of Downtown Providence, with access to regional transportation routes including Interstate 95 as well as Route 6 and Route 10. The surrounding area includes Federal Hill and is near Brown University, Johnson & Wales University, and Rhode Island Hospital, which may support demand for housing in the vicinity.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$15k
Tax billed · 2024
Assessed value$417k
Assessed land$77k
Assessed improvement$340k
Effective rate3.51%

Value estimate

· Sep 2026
$375k
$338k – $413k
Sales comparison$723k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$102/SF
Submarket average, outlier-cleaned · 100 recorded sales of this use type
Observed band · Q1–Q3$57 – $153
Qualifying comparables8

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-2
The intent of the C-2 General Commercial District is intended for more intensive commercial uses and key commercial nodes, including larg...
General categoryCOMMERCIAL
JurisdictionPROVIDENCE

Location intelligence

Which uses thrive at this corner?
Best fit: Pet Grooming Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pet Grooming Service10.8
Carpet & Flooring Store8.9
Dry Cleaner8.5

Location

361 West Fountain St Providence, RI 02903
County assessor Recorded deeds · 4 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
115 Harris, Providence, RI 02903-1011 $1,100,000 May 2025 14,430 SF
14 Cargill, Providence, RI 02903-3540 $1,335,000 Mar 2024 4,430 SF
41 Bassett, Providence, RI 02903-4633 $2,366,187 Feb 2024 8,639 SF
225 Dean, Providence, RI 02903-3056 $18,230 Mar 2023 15,962 SF
220 Broad, Providence, RI 02903-4029 $870,000 Jun 2022 6,252 SF
301 Friendship, Providence, RI 02903-4507 $765,000 Dec 2020 6,096 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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