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735 Allens Ave 84,987 SF 33% Leased Industrial Building Providence, RI 02905 $3,950,000 ($46.48/SF)
Matterport 3D Tours
Investment Highlights
- Full city block (3.09 acres) opportunity with potential for significant subdivision to multiple lots, offering added development flexibility.
- Well-connected location just 10 minutes from Downtown offering convenient access to Interstates 95 and 195.
- Well-maintained 5-building portfolio (100,000+ SF), including the former home of Armbrust International, reflecting over a century of craftsmanship.
- Prominent frontage to Allens, Virginia, Chapman, and Toronto Avenues, delivering robust daily visibility to over 15,000 passing vehicles.
- Within a designated Opportunity Zone, offering potential for deferred/reduced capital gains taxes and full exclusion on appreciation after 10 years.
- Extensively upgraded facility, with improvements completed to the heating, HVAC, LED lighting systems, and roof.
Executive Summary
Discover this rare investment opportunity offering a full city block of Providence, located at 735 Allens Avenue. This high-impact property enjoys frontage on Allens, Virginia, Chapman, and Toronto Avenues, with potential for a significant subdivision to multiple lots delivering added flexibility to developers.
Situated on 3.09-acres, these versatile properties were originally the home to Armbrust Internationals (Est. 1929), reflecting over a century of craftsmanship in Providence, once America’s Jewelry Capital. The property was constructed in 1947 and remodeled in 1968, blending classic mid-century design with upgraded infrastructure and expanded capacity.
Totaling 100,000+ square feet, the well-maintained buildings feature major updates, including heating, HVAC, and the roof. With flexible layouts, proven construction, and thoughtful improvements, the property provides both character and long-term investment strength. Potential uses include apartments, life sciences, manufacturing, industrial, office/medical, education, or mixed-use redevelopment.
Its superior location off Allen Avenue provides 735 Allens Avenue with robust daily visibility to more than 15,000 vehicles, delivering added strength to all manner of commercial developments. Additionally, the property’s proximity to major highways, including Interstate 95 and 195, ensures seamless regional connectivity to the site. Situated within a designated Opportunity Zone, investors may qualify for substantial tax benefits, including deferred and reduced capital gains taxes and potential full exclusion on appreciation after 10 years.
Don't miss out on the chance to create a dream redevelopment project with this full city block in Providence. Contact Jonathan Kaufman today to schedule a tour and learn all the advantages of choosing 735 Allens Avenue.
Situated on 3.09-acres, these versatile properties were originally the home to Armbrust Internationals (Est. 1929), reflecting over a century of craftsmanship in Providence, once America’s Jewelry Capital. The property was constructed in 1947 and remodeled in 1968, blending classic mid-century design with upgraded infrastructure and expanded capacity.
Totaling 100,000+ square feet, the well-maintained buildings feature major updates, including heating, HVAC, and the roof. With flexible layouts, proven construction, and thoughtful improvements, the property provides both character and long-term investment strength. Potential uses include apartments, life sciences, manufacturing, industrial, office/medical, education, or mixed-use redevelopment.
Its superior location off Allen Avenue provides 735 Allens Avenue with robust daily visibility to more than 15,000 vehicles, delivering added strength to all manner of commercial developments. Additionally, the property’s proximity to major highways, including Interstate 95 and 195, ensures seamless regional connectivity to the site. Situated within a designated Opportunity Zone, investors may qualify for substantial tax benefits, including deferred and reduced capital gains taxes and potential full exclusion on appreciation after 10 years.
Don't miss out on the chance to create a dream redevelopment project with this full city block in Providence. Contact Jonathan Kaufman today to schedule a tour and learn all the advantages of choosing 735 Allens Avenue.
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Property Facts
Amenities
- Controlled Access
- Conferencing Facility
- Fenced Lot
- Security System
- Air Conditioning
- Breakroom
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Floor
- 28,329 SF
- Industrial
- -
- Apr 2026
- 2nd Floor
- 28,329 SF
- Industrial
- -
- Apr 2026
- 3rd Floor
- 28,329 SF
- Industrial
- -
- Apr 2026
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 28,329 SF | Industrial | - | Apr 2026 |
| 2nd Floor | 28,329 SF | Industrial | - | Apr 2026 |
| 3rd Floor | 28,329 SF | Industrial | - | Apr 2026 |
1st Floor
| Size |
| 28,329 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Apr 2026 |
2nd Floor
| Size |
| 28,329 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Apr 2026 |
3rd Floor
| Size |
| 28,329 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Apr 2026 |
Demographics
Regional Accessibility
City
Population
Miles
Drive Time
Boston
694,583
47
1 h 6 m
New York
8,398,748
182
4 h 5 m
Philadelphia
1,584,138
269
5 h 40 m
Baltimore
602,495
368
7 h 34 m
Washington
702,455
403
8 h 21 m
Virginia Beach
450,189
526
11 h 16 m
Access and Labor Force
10 Miles
Total Population
724,330
Total Labor Force
389,465
Unemployment Rate
3.15%
Median Household Income
$70,323
Warehouse Employees
59,327
High School Education Or Higher
88.40%
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Deli On The Square | - | - | 3 min walk |
| Dunkin' | Cafe | - | 2 min walk |
| Gold Stone | Chinese | - | 3 min walk |
| Cafe Lucca | Cafe | $ | 4 min walk |
| STEAK-OUT PIZZA & GRINDERS | Steak | $$ | 4 min walk |
| What Cheer Tavern | Wings | $$ | 4 min walk |
| Taco Bell | Fast Food | - | 10 min walk |
| Honey Dew Donuts | Donuts | $ | 12 min walk |
| Subway | - | - | 11 min walk |
| McDonald's | - | - | 15 min walk |
Retail |
||
|---|---|---|
| United States Postal Service | Business/Copy/Postal Services | 9 min walk |
| Family Dollar | Dollar/Variety/Thrift | 9 min walk |
| Laundromax | Laundry | 11 min walk |
| Boost Mobile Authorized Retailer | Wireless Communications | 11 min walk |
| Allstate Insurance Company | Insurance | 12 min walk |
| Comfort Dental | MD/DDS | 13 min walk |
| Aflac | Insurance | 13 min walk |
| Metro By T-mobile | Wireless Communications | 12 min walk |
| Citizens Bank | Bank | 14 min walk |
| Family Dollar | Dollar/Variety/Thrift | 15 min walk |
Hotels |
|
|---|---|
| aloft Hotel |
175 rooms
5 min drive
|
| Hampton by Hilton |
110 rooms
6 min drive
|
| Graduate Hotel |
294 rooms
6 min drive
|
| Homewood Suites by Hilton |
120 rooms
6 min drive
|
| Residence Inn |
176 rooms
6 min drive
|
| Hilton Garden Inn |
137 rooms
6 min drive
|
| Omni |
564 rooms
7 min drive
|
| Courtyard |
219 rooms
6 min drive
|
| Marriott |
354 rooms
8 min drive
|
| Extended Stay America Suites |
123 rooms
10 min drive
|
Property Taxes
| Parcel Number | PROV-001010-000519-000000 | Improvements Assessment | $2,182,600 |
| Land Assessment | $978,300 | Total Assessment | $3,160,900 |
Property Taxes
Parcel Number
PROV-001010-000519-000000
Land Assessment
$978,300
Improvements Assessment
$2,182,600
Total Assessment
$3,160,900
Sale Advisor
Sale Advisor
Jonathan Kaufman, Sales & Commercial Associate
Jonathan Kaufman is a sales and associate and commercial specialist ai the Local Group of Lila Delman Compass. He is a proud graduate of the University of Rhode Island and resident of The City of Providence. Jonathan has traveled the world, exploring life in different cultures and living in various cities across the States, but never landed far from the ocean. Settling in Rhode Island, Jonathan opened his first restaurant at the age of 26.
He’s always gravitated towards people both at work and in his free time. It is this quality, along with his high energy and upbeat personality, that makes him great to work with. He loves meeting new people and hearing their stories. They’re fascinating. Real estate has always been of dream of Jonathan’s so getting up and going to work is easy for him. Jonathan took the skills learned in business and made a splash in the real estate industry.
In his free time, you can often find Jonathan with his family and dog, Piper, spending time outdoors regardless of the weather. In the summer, he’s always close to the beach. That’s the beauty of living in Rhode Island.
He’s always gravitated towards people both at work and in his free time. It is this quality, along with his high energy and upbeat personality, that makes him great to work with. He loves meeting new people and hearing their stories. They’re fascinating. Real estate has always been of dream of Jonathan’s so getting up and going to work is easy for him. Jonathan took the skills learned in business and made a splash in the real estate industry.
In his free time, you can often find Jonathan with his family and dog, Piper, spending time outdoors regardless of the weather. In the summer, he’s always close to the beach. That’s the beauty of living in Rhode Island.
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735 Allens Ave
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