This rare investor and developer opportunity at 56â60 River Ave, Providence offers an M1-zoned property with approved potential uses including residential, industrial, warehouse, or investment development. It features public water & sewer, 13+ on-site parking spaces, a solid concrete/masonry structure, and a large 7,220 sq. ft. lot ideal for renovation, expansion, or multi-unit conversion. The project has already begun transitioning into residential use and includes two professional plan sets one for a larger multi-unit concept and another for a smaller conversion providing full flexibility for your investment strategy. Located in Providenceâs high-demand Mount Pleasant/Elmhurst area, the property is just minutes from Downtown, top colleges in Providence, and is close to shopping, restaurants, parks, community centers, hospitals, and major commuter routes including I-95 & Route 146. This makes it a prime location for multi-unit housing, student rentals, corporate rentals, or mixed-use development.
| Location | |
|---|---|
| City/Town | Providence |
| County | Providence |
| Community Features | Bus, Commuter Bus, Highway Access, Hospital, Interstate, Recreational Facilities, Restaurants, Schools, Shopping, Business Center, Community Building, Playground, Restaurant |
| Interior | |
|---|---|
| Furnished | Unfurnished |
| Interior Features | Ceiling Height (9 to 12 Ft) |
| Additional Information | |
|---|---|
| Tax Assessment | $335,200 |
| Zoning | M1 |
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