Homes for sale - 735 Allens AVE, Providence, RI 02905

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Reza Lashkari

reza@llhomesteam.com +1(949) 826-8100

$ 4,695,000

Est. payment | -/mo

3.09 Acres Lot

Save Virtual Tour

$ 4,695,000

Est. payment | -/mo

Save Virtual Tour

3.09 Acres Lot

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1394285

HOA Y/N No

Year Built 1947

Annual Tax Amount $108,206

Tax Year 2025

Lot Size 3.090 Acres

Acres 3.09

Property Sub-Type Commercial

Property Description

3.09 Acres - Full City Block Development Opportunity - Frontage on Allens, Virginia, Chapman, and Toronto Avenues with potential for significant subdivision. Originally home to Armbrust International (est. 1929), these buildings reflect over a century of craftsmanship in Providence, once America's Jewelry Capital. Constructed in 1947 and remodeled in 1968, the property blends classic mid-century design with upgraded infrastructure and expanded capacity. Totaling 100,000+ sq ft, the well-maintained buildings feature major updates including heating, HVAC, and roof. Flexible layouts, proven construction, and thoughtful improvements provide both character and long-term investment strength. Potential uses include apartments, life sciences, manufacturing, industrial, office/medical, education, or mixed-use redevelopment. Located in a designated Opportunity Zone, investors may qualify for significant tax benefits including deferred and reduced capital gains taxes and potential full exclusion on appreciation after 10 years.

Location

State RI

County Providence

Zoning M1

Rooms

Basement Full

Interior

Heating Baseboard

Cooling Central Air

Exterior

Community Features Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s)

Utilities Available Natural Gas Connected, Municipal Utilities, Water Connected, Sewer Connected

Street Surface Asphalt,Concrete

Total Parking Spaces 90

Building

Building Description Brick, Elevator(s),Public Restrooms

Story 3

Foundation Concrete Perimeter

Sewer Connected

Water Connected, Public

Level or Stories 3

Structure Type Brick

New Construction No

Others

Tax ID 735ALLENSAVPROV

Security Features Gated with Guard,Secured Garage/Parking,Security Guard,Building Security,Fire Sprinkler System,Security Lights

Acceptable Financing Lease

Listing Terms Lease

Virtual Tour https://tour.RiLiving.com/735-Allens-Avenue-Providence-RI-02905

Listed by Lila Delman Compass

+1(949) 826-8100

reza@llhomesteam.com

735 Allens AVE Providence, RI 02905