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540-544 Douglas Ave 7,936 SF 100% Leased Office Building Providence, RI 02908 $1,020,741 CAD ($128.62 CAD/SF)
Investment Highlights
- Updated Fire System
- Development Opportunity
- Minutes From Providence College
Executive Summary
Exceptional development opportunity on Douglas Ave with significant income potential, consisting of two buildings in a prime Providence location, just steps from Providence College. This property is currently used as professional offices, previously used as apartments. Best use of the property would be a residential apartment conversion, consisting of 7-9 units. The zoning is C2 and offers excellent flexibility for other uses, such as condo conversion or mixed use. Rents in the area are very strong, making a return to residences here a lucrative possibility. Both buildings have updated fire systems, including sprinkler system and fire alarm panels. On-site paved lot for approximately 12 vehicles adds significant value as parking in the area is difficult to find. Located near downtown Providence, I-95, and Smith Hill amenities, this property offers strong long-term potential in a high-demand corridor.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
7,936 SF
Building Class
B
Year Built
1930
Price
$1,020,741 CAD
Price Per SF
$128.62 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,645 SF
Slab To Slab
10’
Building FAR
0.83
Lot Size
0.22 AC
Zoning
C2
Parking
6 Spaces (0.76 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
1 1
Walk Score®
Very Walkable (73)
Property Taxes
| Parcel Number | PROV-700120-000000-000000 | Improvements Assessment | $392,425 CAD |
| Land Assessment | $179,402 CAD | Total Assessment | $571,828 CAD |
Property Taxes
Parcel Number
PROV-700120-000000-000000
Land Assessment
$179,402 CAD
Improvements Assessment
$392,425 CAD
Total Assessment
$571,828 CAD
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540-544 Douglas Ave
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