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 taxexempt 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#: 1380396
Price: $1,200,000

Style: Commercial Sale
Sq Ft: 0

County: Providence
Tax Fee: 2024