Remarks

Located at 464 Silver Spring Street in the heart of Providence, RI, this property offers a remarkable 16,000 square foot lot with commercial (C3) zoning, providing exceptional development potential. Positioned in a prime area, the location allows for the best use of 40+ units across the entire lot, making it an ideal opportunity for residential or mixed-use development.

The existing church building, which is fully operational, sits along Silver Spring Street, while the parking lot is accessible from Swift Street. The expansive parking area presents opportunities for future growth, including the potential for subdivision or redevelopment. Currently, the church houses multiple congregations that provide a steady rental income stream, while also maintaining its tax-exempt status as a place of worship.

This property combines an active, income-generating facility with outstanding development potential in a highly desirable location, perfect for maximizing its future value.

Details

MLS#: 1380223
Price: $1,200,000

Style: Commercial Sale
Sq Ft: 5652
Year Built: 1950

County: Providence
Tax Fee: 0