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735 Allens Ave 102,486 SF 17% Leased Industrial Building Providence, RI 02905 $3,795,000 ($37.03/SF)
Investment Highlights
- Redevelopment Potential
- Near Port of Providence, I-95, I-195
- Full City Block of Land
Executive Summary
The 3.09-acre, full-city-block property includes more than 100,000 SF across five well-maintained buildings and offers significant potential for subdivision into multiple development lots. Located 10 minutes from downtown Providence with access to I-95 and I-195, the site provides prominent frontage along four avenues and visibility to 15,000+ vehicles daily. Extensive upgrades to the heating, HVAC, LED lighting, and roof systems complement its Opportunity Zone designation, offering potential long-term tax advantages.
Property Facts
| Price | $3,795,000 | Rentable Building Area | 102,486 SF |
| Price Per SF | $37.03 | No. Stories | 3 |
| Sale Type | Investment or Owner User | Year Built | 1947 |
| Sale Condition | High Vacancy Property | Parking Ratio | 2.2/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 11’6” |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 2 |
| Building Class | C | No. Drive In / Grade-Level Doors | 4 |
| Lot Size | 3.11 AC | Opportunity Zone |
Yes
|
| Zoning | M1 - M1 - Uses: Adaptive reuse to residential, Life science, industrial, charter, and more. | ||
| Price | $3,795,000 |
| Price Per SF | $37.03 |
| Sale Type | Investment or Owner User |
| Sale Condition | High Vacancy Property |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 3.11 AC |
| Rentable Building Area | 102,486 SF |
| No. Stories | 3 |
| Year Built | 1947 |
| Parking Ratio | 2.2/1,000 SF |
| Clear Ceiling Height | 11’6” |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 4 |
| Opportunity Zone |
Yes |
| Zoning | M1 - M1 - Uses: Adaptive reuse to residential, Life science, industrial, charter, and more. |
Amenities
- Controlled Access
- Conferencing Facility
- Fenced Lot
- Security System
- Air Conditioning
- Breakroom
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
60/100
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
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735 Allens Ave