Description
Exceptional development opportunity in a prime Providence location. The property consists of an approximately 5,606 square foot lot with an approved subdivision plan from the City of Providence to create two separate parcels. The first lot will be 3,099 square feet and the second lot will be 2,506 square feet, offering flexibility for a range of development options.
Situated just 1 mile from Providence College, 1.5 miles from Miriam Hospital, and under a 10 minute drive to Providence Place Mall and Downtown Providence, this property offers both convenience and strong investment potential. With strong new construction values supported by nearby comparable sales, this is an ideal opportunity for builders and developers. Potential options include constructing a larger single project on the full lot or developing two individual multi-family properties.
Whether you are looking to build and sell for profit or hold as long term rental assets, this location is well positioned to attract tenants due to its proximity to Providence College, major hospitals, and downtown amenities. An opportunity to capitalize on both location and development flexibility in one of Providence’s most accessible areas.
Please note: A survey + subdivision plan are available upon request, and that some photos are AI renderings of potential multi-family construction and there are currently no structures on the lot.
- Principal and Interest
- Property Tax
- HOA fee