133 Douglas Avenue

Providence, Rhode Island

This prime commercial property in Providence, RI, offers significant residential development potential while maintaining a fully equipped restaurant and event space on the first floor. With 10,000+ square feet on nearly an acre of land, the second and third floors are ideal for residential conversion, meeting the growing demand for housing near Providence College, downtown, and major transit hubs. The high-visibility location at a highway on-ramp makes it perfect for mixed-use development, seamlessly blending modern residences with commercial space. There is also potential for vertical expansion, maximizing the investment’s value. The property includes 50 parking spaces, ensuring convenience for both residents and business patrons.The first-floor restaurant space is fully built out and ready for your concept. It features a large dining area, dedicated event space, and an outdoor patio, offering flexibility for various business models. The kitchen is fully equipped with a high-capacity hood system, Ansul system, grill, oven, fryers, and two walk-in coolers. Three fully stocked bars enhance service efficiency, making this an excellent opportunity for a restaurant, bar, or event venue. While the current restaurant business is not included in the sale price, negotiations may be considered.This is a rare opportunity to develop residential units while operating a turnkey restaurant space in a high-demand location. Contact us today to learn more and schedule a confidential viewing.