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544 Douglas Ave Providence, RI 02908
7,936 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
Square Footage 7,936 sqft
Price per Sqft $88
MLS Listing ID 73476297
HOA Y/N false
Year Built 1930
Annual Tax Amount $20,688
Tax Year 2025
Lot Size 9,583 Sqft
Acres 0.22
Property Description
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)
Location
State RI
County Providence
Zoning C2
Direction USE GPS
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available
Others
Senior Community false
Listed by Keller Williams Realty Leading Edge
Nearby Locations