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735 Allens Ave 102,451 SF Industrial Building Providence, RI 02905 $3,950,000 ($38.56/SF)
Matterport 3D Tours
Investment Highlights
- Correct Assessment is $3,705,700
- Opportunity Zone
- 3.09 acres
- Full City Block
- New HVAC
- 5 Buildlings
Executive Summary
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. Also available for lease.
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Property Facts
Amenities
- Controlled Access
- Conferencing Facility
- Fenced Lot
- Security System
- Air Conditioning
- Breakroom
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
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%
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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