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657 Harris Ave - 50+ Unit Development - Opportunity Zone 0.25 Acres of Residential Land in Providence, RI 02909
Investment Highlights
- Qualified Opportunity Zone
- Multiple Lots
- Clean Phase 1 Environmental
- MU-75 Zoning
- Lot size under 10,000 square feet
Executive Summary
13 Delaine Street & 657 Harris Avenue present a rare, by-right mixed-use development opportunity located within Providence’s rapidly evolving West Side growth corridor. The assembled, contiguous parcels are situated in an Opportunity Zone and zoned M-MU-75 (Mixed-Use / 75-Foot Height District), allowing for up to approximately six stories of vertical development with zero setbacks.
Preliminary planning indicates the site can support an estimated ±50 residential units with a flexible studio, one-bedroom, and two-bedroom mix, averaging approximately 725 square feet per unit. Total estimated livable residential area is ±35,000–37,000 square feet with total gross building area of approximately ±44,000–46,000 square feet (subject to final design and approvals).
The property benefits from strong transit connectivity and proximity to key neighborhood amenities, including Gotham Greens, Farm Fresh RI, the Toby Street Pedestrian Bridge, and the Westminster / Atwells / Broadway commercial corridors. Downtown Providence and the Jewelry District are minutes away, with exceptional regional access via I-95, Route 10, and Route 6.
Due diligence is substantially complete, including Phase I Environmental, zoning confirmation of M-MU-75 by-right status, utilities available in street, and preliminary massing studies. The site is well-positioned for long-term value creation through ground-up residential or mixed-use development, with Opportunity Zone tax advantages for qualifying investors.
Offering Highlights
• Off-market development opportunity
• By-right M-MU-75 zoning (75’ height / approx. 6 stories)
• Opportunity Zone location
• Estimated ±50 residential units
• Zero setback urban infill site
• Utilities available in street
• Strong neighborhood and regional connectivity
Pricing guidance is provided for discussion purposes only. Call for offers.
Property Facts
1 Lot Available
Lot
| Lot Size | 0.25 AC |
| Lot Size | 0.25 AC |
Prime MU-75 development opportunity in an Opportunity Zone. By-right mixed-use zoning allows up to 75’ height, ideal for multifamily or mixed-use urban infill development. Sale Includes: 657 Harris Ave 13 Delaine St Providence, RI 02909
Description
Harris Avenue Development Site – By-Right 75’ Mixed-Use Opportunity | Providence, RI (Opportunity Zone) 13 Delaine Street & 657 Harris Avenue present a rare, by-right mixed-use development opportunity located within Providence’s rapidly evolving West Side growth corridor. The assembled, contiguous parcels are situated in an Opportunity Zone and zoned M-MU-75 (Mixed-Use / 75-Foot Height District), allowing for up to approximately six stories of vertical development with zero setbacks. Preliminary planning indicates the site can support an estimated ±50 residential units with a flexible studio, one-bedroom, and two-bedroom mix, averaging approximately 725 square feet per unit. Total estimated livable residential area is ±35,000–37,000 square feet with total gross building area of approximately ±44,000–46,000 square feet (subject to final design and approvals). The property benefits from strong transit connectivity and proximity to key neighborhood amenities, including Gotham Greens, Farm Fresh RI, the Toby Street Pedestrian Bridge, and the Westminster / Atwells / Broadway commercial corridors. Downtown Providence and the Jewelry District are minutes away, with exceptional regional access via I-95, Route 10, and Route 6. Due diligence is substantially complete, including Phase I Environmental, zoning confirmation of M-MU-75 by-right status, utilities available in street, and preliminary massing studies. The site is well-positioned for long-term value creation through ground-up residential or mixed-use development, with Opportunity Zone tax advantages for qualifying investors. Offering Highlights Off-market development opportunity By-right M-MU-75 zoning (75’ height / approx. 6 stories) Opportunity Zone location Estimated ±50 residential units Zero setback urban infill site Utilities available in street Strong neighborhood and regional connectivity Pricing guidance is provided for discussion purposes only. Call for offers.
Property Taxes
| Parcel Numbers | Improvements Assessment | $176,700 | |
| Land Assessment | $140,600 | Total Assessment | $317,300 |
Property Taxes
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Future Properties
657 Harris Ave - 50+ Unit Development - Opportunity Zone
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