56 60 River Avenue Providence, RI $ 494,999
56 60 River Avenue
$ 494,999
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56 60 River Avenue

Providence, RI, 02908
$ 494,999
Bedrooms-- Baths--

Monthly Estimate*

$ 3,048

56 60 River Avenue, Providence, RI 02908 - Image 1
56 60 River Avenue, Providence, RI 02908 - Image 2
56 60 River Avenue, Providence, RI 02908 - Image 3
56 60 River Avenue, Providence, RI 02908 - Image 4
56 60 River Avenue, Providence, RI 02908 - Image 5
56 60 River Avenue, Providence, RI 02908 - Image 6
56 60 River Avenue, Providence, RI 02908 - Image 7
56 60 River Avenue, Providence, RI 02908 - Image 8
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Commercial Property for sale in Providence, RI

for $494,999. This building was built in 1981.

This rare investor and developer opportunity at 56 60 River Ave, Providence offers an M1-zoned property with approved potential uses including residential, industrial, warehouse, or investment development. It features public water & sewer, 13+ on-site parking spaces, a solid concrete/masonry structure, and a large 7,220 sq. ft. lot ideal for renovation, expansion, or multi-unit conversion. The project has already begun transitioning into residential use and includes two professional plan sets one for a larger multi-unit concept and another for a smaller conversion providing full flexibility for your investment strategy. Located in Providence's high-demand Mount Pleasant/Elmhurst area, the property is just minutes from Downtown, top colleges in Providence, and is close to shopping, restaurants, parks, community centers, hospitals, and major commuter routes including I-95 & Route 146. This makes it a prime location for multi-unit housing, student rentals, corporate rentals, or mixed-use development.

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Commercial Active

Price

$ 494,999

Property Type

Commercial

Taxes

$ 4,600

Style

Year Built

1981

Town/City

Providence

County/Region

Providence

MLS | Web ID

1401652

Features
General
Sewer Connected
Utilities Natural Gas Available Sewer Connected
Possession Immediately
Zoning M1
Construction Materials Masonry
Year Built 1981
Stories Count 1
Levels One
Property Subtype Commercial
Tax Year 2025
Business Type Commercial Distribution Industrial Manufacturing Office Supply Real Estate Residential Warehouse
Community Features Business Center Highway Access Near Hospital Near Schools Playground Public Transportation Recreation Area Restaurant Shopping
County Providence
New Construction false
Property Type Commercial Sale
Possible Use Commercial Development Industrial Investment Mixed Use Office Residential Warehouse
Status Active
City Providence
Green Location Public Transportation
Number Of Units Total 2
Lot Size Units Square Feet
Lot Size Square Feet 7220
Property Attached Y/N false
Land Lease Y/N false
Tax Annual Amount 4600
Electric Expense 0
Trash Expense 0
Water Sewer Expense 0
Lease Renewal Y/N false
Lease Considered Y/N false
Virtual Tour https://tour.RiLiving.com/56-60-River-Avenue-Providence-RI-02908
Standard Status Active
Occupancy Type Vacant
Tax Assessed Value 335200
Tax Lot 889-890
Ownership Type LLC
Cap Rate 0
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Interior
Basement Partial
Furnished Y/N Unfurnished
Total Stories 1
Basement (Y/N) true
Total Baths 0
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Exterior
Water Source Public
Total Parking 13
Lot Size Area 7220
Foundation Details See Remarks
Number of Buildings 2
Building Area Total 0
Road Surface Type Paved
Road Frontage Type City Street
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* Excluded Features
List By
Exp Realty

Broker

misantos110@hotmail.com

Email

Affordability Calculator

$3,431
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,048
Monthly Property Taxes
$383
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
3/18/2026$494,999 -1.00% Price Down
2/28/2026$499,999 -7.41% Price Down
12/29/2025$539,999 -1.82% Price Down
12/11/2025$549,999 Listed Price

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56 60 River Avenue, Providence, RI, 02908 is a Commercial Property for sale at $494,999. 56 60 River Avenue was built in 1981. The property's zip code is 02908 which is in Providence, RI