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Investment Highlights

  • Qualified Opportunity Zone
  • Multiple Lots
  • Clean Phase 1 Environmental
  • MU-75 Zoning
  • Combined lot size 10,000 square feet

Executive Summary

Ownership is marketing the property as a flexible urban infill opportunity with multiple potential execution strategies rather than solely as a multifamily development site. While preliminary concepts support a larger mixed-use residential project, the property may also appeal to commercial operators, owner-users, investors, or groups seeking long-term repositioning potential within a rapidly improving corridor of Providence.
The combination of Opportunity Zone positioning, flexible M-MU-75 zoning, strong regional accessibility, and surrounding neighborhood investment creates a rare level of optionality for buyers. The asset may support phased redevelopment, interim commercial use, owner occupancy, or future ground-up development depending on market conditions and business objectives.
Properties offering this level of flexibility, scale, and redevelopment upside within close proximity to Downtown Providence are increasingly limited.

Property Facts

Price $2,050,200 CAD
Sale Type Investment
Sale Conditions
1031 Exchange
  • Build to Suit
  • Lease Option
  • Redevelopment Project
  • Building in Shell Condition
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Retail
  • Mixed Use
  • Multifamily
  • Hospitality
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
  • Apartment Units - Subsidized
  • Auto Dealership
  • Auto Repair
  • Bank
  • Tienda de conveniencia
  • Distribution
  • General Freestanding
  • Hold For Development
  • Hold For Investment
  • Hotel
  • Medical
  • Retail Warehouse
  • Storefront
  • Storefront, Retail or Residential
Total Lot Size 0.25 AC
Opportunity Zone Yes
Zoning M-MU-7 - Zoned M-MU-75 allowing up to 75’ mixed-use development by right, supporting multifamily, ground-floor retail, and high-density urban infill.

1 Lot Available

Lot

Price $2,050,200 CAD
Price Per AC $8,200,799.70 CAD
Lot Size 0.25 AC

Prime MU-75 development opportunity in an Opportunity Zone. By-right mixed-use zoning allows up to 75’ height, ideal for multifamily or mixed-use urban infill development. Sale Includes: 657 Harris Ave 13 Delaine St Providence, RI 02909

Description

Harris Avenue Development Site – Mixed-Use Development, Commercial & Owner-User Opportunity | Providence, RI (Opportunity Zone) 13 Delaine Street & 657 Harris Avenue present a rare mixed-use development, commercial, and owner-user opportunity located within Providence’s rapidly evolving West Side growth corridor. The assembled contiguous parcels are situated within a designated Opportunity Zone and zoned M-MU-75 (Mixed-Use / 75-Foot Height District), allowing for a broad range of residential, commercial, industrial, and mixed-use applications. While previously conceptualized as an approximately ±50-unit multifamily development, the property’s flexible zoning and strategic location also make it highly attractive for a variety of owner-user and commercial uses including retail, bank branch, cannabis dispensary (subject to licensing), automotive service, contractor yard, warehouse, showroom, office, light industrial, mixed-use retail/residential, or long-term hold investment. The property benefits from strong transit connectivity and proximity to major neighborhood amenities including Gotham Greens, Farm Fresh RI, the Toby Street Pedestrian Bridge, and the Westminster, Broadway, and Atwells Avenue commercial corridors. Downtown Providence, the Jewelry District, and the Providence Train Station are all within minutes, with exceptional regional access via Interstate 95, Route 10, and Route 6. Due diligence is substantially complete, including Phase I Environmental, zoning confirmation, utilities available in street, and preliminary massing studies. Whether repositioned for commercial use, held as an investment, occupied by an owner-user, or redeveloped into a larger mixed-use project, the property offers multiple paths for long-term value creation in one of Providence’s emerging growth corridors. Offering Highlights * Opportunity Zone mixed-use and commercial opportunity * Zoned M-MU-75 allowing broad residential and commercial uses * Previously conceptualized for approximately ±50 residential units * Potential uses include multifamily, retail, cannabis, automotive, warehouse, contractor yard, office, bank branch, and mixed-use development * Strong urban infill location with excellent regional highway access * Near Gotham Greens, Farm Fresh RI, Broadway, Westminster, and Atwells corridors * Utilities available in street * Multiple redevelopment, owner-user, and investment strategies

Moderately walkable
60/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • PROV-350291-000000-000000
  • PROV-350288-000000-000000
Land Assessment
$192,214 CAD
Improvements Assessment
$241,567 CAD
Total Assessment
$433,781 CAD
  • Listing ID: 39254698

  • Date on Market: 2026-01-29

  • Last Updated:

  • Address: 657 Harris Ave, Providence, RI 02909

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