56 60 River Avenue, Providence, RI 02908 - Photo 1

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$539,999

For Sale
Active
Warehouse

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Property Description

This rare investor and developer opportunity at 56 60 River Ave, Providence offers an M1-zoned property with approved potential uses including residential, industrial, warehouse, or investment development. It features public water & sewer, 13+ on-site parking spaces, a solid concrete/masonry structure, and a large 7,220 sq. ft. lot ideal for renovation, expansion, or multi-unit conversion. The project has already begun transitioning into residential use and includes two professional plan sets one for a larger multi-unit concept and another for a smaller conversion providing full flexibility for your investment strategy. Located in Providence's high-demand Mount Pleasant/Elmhurst area, the property is just minutes from Downtown, top colleges in Providence, and is close to shopping, restaurants, parks, community centers, hospitals, and major commuter routes including I-95 & Route 146. This makes it a prime location for multi-unit housing, student rentals, corporate rentals, or mixed-use development.

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Full Property Details

Full Property Details for 56 60 River Ave

General

Price: $539,999
Taxes: $4,600 (2025)
Status: Active
Type: Warehouse
Source: STWMLS
MLS ID: 1401652
Updated: 12/29/2025
Added to Site: 36 day(s) ago

Business

Business Type: Commercial, Distribution, Industrial, Manufacturing, O

Interior

Furnishings: Unfurnished

Additional Information

Shared Amenities: Business Center, Playground, Recreation Facilities, Restaurant

Parking

Total Spaces: 13

Location

County: Providence
Near Highway: Yes

Community

Units Assoc/Comm: 2

Utilities

Sewer: Connected
Water: Public
Utility Description: Natural Gas Available, Sewer Connected

Structural Information

# Buildings: 2
Property Detached: Yes
Detached/Attached: Detached
Construction: Masonry
Basement: Yes
Basement Desc.: Partial
Stories/Levels: 1
Year Built: 1981

Lot Features

Lot Size (Sq. Ft.): 7,220
Lot Size: 7220
Frontage: City Street, Paved
Potential Use: Commercial, Development, Industrial, Investment, Mixed Use, Office, Residential, Warehouse

Green Features

Location: Public Transportation

Financial Considerations

Assoc Fee Freq.: Quarterly
Tax Amount: $4,600
Tax Year: 2025
Owner Pays: Electricity, Heat, Sewer, Water

Disclosures and Reports

Documents Avail.: Building Plans
Property ID: 5660RIVERAVPROV
Lot Number: 889-890

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Schools

Schools serving 56 60 River Ave

School District:Providence School District

Name	Grades	Distance
Harry Kizirian Elementary School 60 Camden Avenue, Providence, RI 02908	K-5	0.7 mi
George J. West El. School 145 Beaufort Street, Providence, RI 02908	K-5	0.7 mi
William D'abate Elementary School 60 Kossuth Street, Providence, RI 02909	K-5	0.8 mi
Nathanael Greene Middle School 721 Chalkstone Avenue, Providence, RI 02908	6-8	0.4 mi
Esek Hopkins Middle School 480 Charles Street, Providence, RI 02904	6-8	1.6 mi
Governor Christopher Delsesto Middle School 152 Springfield Street, Providence, RI 02909	6-8	1.7 mi
Mount Pleasant High School 434 Mount Pleasant Avenue, Providence, RI 02908	9-12	1.1 mi
Central High School, Providence, RI 70 Fricker Street, Providence, RI 02903	9-12	1.2 mi
Classical High School, Providence, RI 770 Westminster Street, Providence, RI 02903	9-12	1.2 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 56 60 River Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

12/29/2025

Price Reduced

$539,999

-1.82%

MLS

12/11/2025

Listed

$549,999

120%

MLS

1/13/2022

Sold

$250,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 56 60 River Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$6,004

$205,600

25%

2024

$5,795

—

$165,100

—

2023

$5,795

$165,100

2022

$5,430

$153,400

2021

$5,160

—

$140,600

—

2019

$5,160

$140,600

2018

$4,764

—

$129,800

—

2017

$4,764

—

$129,800

—

2016

$4,764

11%

$129,800

11%

2015

$4,296

—

$116,900

—

2014

$4,296

—

$116,900

—

2013

$4,296

—

$116,900

—

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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 56 60 River Ave

56 60 River Avenue, Providence, RI 02908 (MLS# 1401652) is a Warehouse property. 56 60 River Avenue is currently listed for $539,999 and was received on December 11, 2025. Want to learn more about 56 60 River Avenue? Do you have questions about finding other Warehouse real estate for sale in Providence? You can browse all Providence real estate or contact a Coldwell Banker agent to request more information.

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56 60 River Ave Providence, RI 02908