Isabelle Monnexant
735 Allens Avenue, Providence, RI, 02905
1947
3.09 Acres - Full City Block Development Opportunity - Frontage on Allens, Virginia, Chapman, and Toronto Avenues with potential for significant subdivision. Originally home to Armbrust International (est. 1929), these buildings reflect over a century of craftsmanship in Providence, once America's Jewelry Capital. Constructed in 1947 and remodeled in 1968, the property blends classic mid-century design with upgraded infrastructure and expanded capacity. Totaling 100,000+ sq ft, the well-maintained buildings feature major updates including heating, HVAC, and roof. Flexible layouts, proven construction, and thoughtful improvements provide both character and long-term investment strength. Potential uses include apartments, life sciences, manufacturing, industrial, office/medical, education, or mixed-use redevelopment. Located in a designated Opportunity Zone, investors may qualify for significant tax benefits including deferred and reduced capital gains taxes and potential full exclusion on appreciation after 10 years. Also available for lease.
Status:
Active
Type:
Commercial
Furnished Remarks:
Unfurnished
Units:
0
Zoning:
M1
Heating:
Baseboard
Cooling:
Central Air
Parking:
90-car
Acreage:
3.09
Est. Taxes:
$108,206
Assessment
$3,705,700
Permitted Use
Commercial,Development,Industrial,Investment,Medical/Dental,Multi-Family,Mixed Use,Office,Place of Worship,Warehouse
Construction
Masonry
Utilities
Electricity Available,Natural Gas Connected,Sewer Connected
Amenities:
Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping
Days on Market:
10
MLS #:
1402530
Community Info
School Info
Walk Score
Mass Transit
Yelp
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