Downtown Providence Opportunity Zone Commercial Land Available

Vacant Land for Sale
Catylist Listing ID: 30274335
Property Subtypes: Hospitality, Multi-Family, Office, Other
Gross Land Area: 34,291 SF
Sale Price: $2,900,000
Unit Price: $84.57 PSF
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2019

Overview / Comments

Churchill & Banks is pleased to present commercial land for redevelopment in Downtown Providence. Located in the Federal Opportunity Zone, many tax incentives are available! The site is located in the Jewelry District with easy Interstates' 95 and 195 access. The parcel is well located next to the Coro Center which houses Lifespan and Imperial Place, a mixed-use property with a variety of long-term tenants. Located directly next to the I-195 Redevelopment District, the area will require parking and other services to compliment future commercial and mixed-use developments. Land is zoned for a 10 story parking garage development, medical office, residential, or hotel. Owner is willing to work out long-term ground leases or outright sale. For any additional questions, please contact me.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Tax ID/APN: PR 021-0065
Property Visibility: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 37,140 247,148 451,670
Median Age: 27.3 32.84 36.52
Households: 12,340 91,464 174,914


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