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$3,950,000
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Property Description
3.09 Acres - Full City Block Development Opportunity - Frontage on Allens, Virginia, Chapman, and Toronto Avenues with potential for significant subdivision. Originally home to Armbrust International (est. 1929), these buildings reflect over a century of craftsmanship in Providence, once America's Jewelry Capital. Constructed in 1947 and remodeled in 1968, the property blends classic mid-century design with upgraded infrastructure and expanded capacity. Totaling 100,000+ sq ft, the well-maintained buildings feature major updates including heating, HVAC, and roof. Flexible layouts, proven construction, and thoughtful improvements provide both character and long-term investment strength. Potential uses include apartments, life sciences, manufacturing, industrial, office/medical, education, or mixed-use redevelopment. Located in a designated Opportunity Zone, investors may qualify for significant tax benefits including deferred and reduced capital gains taxes and potential full exclusion on appreciation after 10 years. Also available for lease.
Full Property Details
Full Property Details for 735 Allens Ave
General
- Price: $3,950,000
- Taxes: $108,206 (2025)
- Status: Active
- Type: Warehouse
- Source: STWMLS
- MLS ID: 1402530
- Updated: 1/5/2026
- Added to Site: 88 day(s) ago
Business
- Business Type: Commercial, Distribution, Education/School, Industria
Interior
- Furnishings: Unfurnished
Additional Information
- Security/Safety: Security System, Fire Alarm, Security Gate, Secured Garage/Parking, 24 Hour Security, Security Fence, Security Guard, Building Security, Fire Sprinkler System, Security Service
Parking
- Total Spaces: 90
Location
- County: Providence
- Building Name: 735 Allens Avenue
- Near Highway: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
- Heating Type: Baseboard
Utilities
- Sewer: Connected
- Water: Connected
- Utility Description: Electricity Available, Natural Gas Connected, Sewer Connected
Structural Information
- # Buildings: 5
- Structure Type: Office
- Detached/Attached: Attached
- Construction: Masonry
- Stories/Levels: 3
- Year Built: 1947
- Other Struct. Feat.: Elevator(s), Public Restrooms
Lot Features
- Lot Size (Acres): 3.09
- Lot Size (Sq. Ft.): 134,436
- Lot Size: 134436
- Potential Use: Commercial, Development, Industrial, Investment, Medical/Dental, Multi-Family, Mixed Use, Office, Place of Worship, Warehouse
- Fencing (Description): Fenced
Financial Considerations
- Tax Amount: $108,206
- Tax Year: 2025
Disclosures and Reports
- Documents Avail.: Aerial, Environmental Study
- Property ID: 735ALLENSAVPROV
- Lot Number: 519
Listed by Compass
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Schools
Schools serving 735 Allens Ave
School District:Providence School District
| Name | Grades | Distance |
|---|---|---|
Charlotte Woods Elementary School 674 Prairie Avenue, Providence, RI 02905 | K-5 | 0.7 mi |
Mary E. Fogarty El. School 199 Oxford Street, Providence, RI 02905 | K-5 | 1 mi |
Lillian Feinstein El. School 159 Sackett Street, Providence, RI 02907 | K-5 | 1.1 mi |
Roger Williams Middle School 278 Thurbers Avenue, Providence, RI 02905 | 6-8 | 0.8 mi |
Gilbert Stuart Middle School 188 Princeton Avenue, Providence, RI 02907 | 6-8 | 1.7 mi |
Nathan Bishop Middle School 101 Sessions Street, Providence, RI 02906 | 6-8 | 3.3 mi |
W B Cooley & Academy Internationa 182 Thurbers Avenue, Providence, RI 02905 | 9-12 | 0.7 mi |
Dr. Jorge Alvarez High School 375 Adelaide Avenue, Providence, RI 02907 | 9-12 | 1.7 mi |
Central High School, Providence, RI 70 Fricker Street, Providence, RI 02903 | 9-12 | 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 735 Allens Ave
Date
Details
Price
Change
Source
1/05/2026
Listed
$3,950,000
—
MLS
Disclaimer: Historical sales 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 735 Allens Ave
735 Allens Avenue, Providence, RI 02905 (MLS# 1402530) is a Warehouse property. 735 Allens Avenue is currently listed for $3,950,000 and was received on January 05, 2026. Want to learn more about 735 Allens 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.

