Hospitality Property for Sale, 133 Douglas Avenue, Providence, Rhode Island 02908

Please note: this is a real estate-only sale.This prime commercial property in Providence, RI presents a unique opportunity for mixed-use development in a highly visible, high-demand location. Offering over 10,000 square feet of space on nearly an acre of land, this property is ideally situated near major highways, Providence College, downtown, and key transit hubs—making it perfect for residential conversion and long-term investment.The existing structure includes a built-out first floor currently configured for restaurant and event use, with expansive indoor space, an outdoor patio, and a large on-site parking lot (please see attached photo for outline). The second and third floors offer excellent potential for residential redevelopment, supporting the strong local demand for housing. There is also potential for vertical expansion to further enhance the property’s long-term value. Additionally, a 14,500-square-foot parcel of raw land abutting the parking lot is included in the sale, expanding development possibilities.
Please note: this is a real estate-only sale. Furniture, fixtures, equipment (FFE), and business goodwill are not included in the sale price but may be negotiated separately if desired. The current restaurant business is not part of this transaction.
This is a rare chance to acquire a significant footprint in a strategic location with high visibility and access. Many opportunities exist for redevelopment, residential use, or continued commercial operation.