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$459,000 -$35,999 (-7.27%) Price Reduced
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Property Description
INVESTOR ALERT 56 60 River Ave presents a prime value-add opportunity with plans already in place for multi-unit residential conversion. Property features M1 zoning, public water & sewer, 13+ parking spaces, and a solid masonry structure ready for redevelopment. Two professional plan sets included, offering flexibility to maximize returns. Strategically located near Downtown Providence, major highways, hospitals, and top colleges ideal for rental or mixed-use potential. Easy to show vacant strong upside with proper execution. Buyer to perform due diligence on zoning and plans
Full Property Details
Full Property Details for 56 60 River Ave
General
- Price: $459,000
- Taxes: $4,600 (2025)
- Status: Active
- Type: Warehouse
- Source: STWMLS
- MLS ID: 1401652
- Updated: 5/1/2026
- Added to Site: 142 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
Listed by eXp Realty
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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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 56 60 River Ave
Date
Details
Price
Change
Source
5/01/2026
Price Reduced
$459,000
-7.27%
MLS
3/18/2026
Price Reduced
$494,999
-1%
MLS
2/27/2026
Price Reduced
$499,999
-7.41%
MLS
12/29/2025
Price Reduced
$539,999
-1.82%
MLS
12/11/2025
Listed
$549,999
189.47%
MLS
1/12/2022
Sold
$190,000
—
Public Record
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
$3,784
9%
$129,600
31%
2024
$3,485
—
$99,300
—
2023
$3,485
-1%
$99,300
—
2022
$3,515
-3%
$99,300
1%
2021
$3,608
—
$98,300
—
2019
$3,608
20%
$98,300
20%
2018
$3,002
—
$81,800
—
2017
$3,002
—
$81,800
—
2016
$3,002
4%
$81,800
4%
2015
$2,889
—
$78,600
—
2014
$2,889
—
$78,600
—
2013
$2,889
—
$78,600
—
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 $459,000 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.

