544 Douglas Avenue, Providence, RI 02908
sale
$749,900
|
Apartment
Courtesy Of Keller Williams Realty Leading Edge
Exceptional development opportunity on Douglas Ave with significant income potential, consisting of two buildings in a prime Providence location, just steps from Providence College. This property is currently used as professional offices, previously used as apartments. Best use of the property would be a residential apartment conversion, consisting of 7-9 units. The zoning is C2 and offers excellent flexibility for other uses, such as condo conversion or mixed use. Rents in the area are very strong, making a return to residences here a lucrative possibility. Both buildings have updated fire systems, including sprinkler system and fire alarm panels. On-site paved lot for approximately 12 vehicles adds significant value as parking in the area is difficult to find. Located near downtown Providence, I-95, and Smith Hill amenities, this property offers strong long-term potential in a high-demand corridor. (Floor Plans available upon request)
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Property Features
- Age: Over 50 Years Old
- Building Units: 1
- Exterior Type: Frame
- Floors: 3
- MLSID: 1404783
- Parking Spaces: 12
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