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657 Harris Ave
Providence, RI 02909 Olneyville

$1,500,000 USD

Land For Sale  •  0.25 AC

Property Details

  • Property Type Land
  • Lot Size 0.25 AC
  • Zoning M-MU-7
48 Transit Score
85 Walk Score

Description

Harris Avenue Development Site – By-Right 75’ Mixed-Use Opportunity | Providence, RI (Opportunity Zone)

13 Delaine Street & 657 Harris Avenue present a rare, by-right mixed-use development opportunity located within Providence’s rapidly evolving West Side growth corridor. The assembled, contiguous parcels are situated in an Opportunity Zone and zoned M-MU-75 (Mixed-Use / 75-Foot Height District), allowing for up to approximately six stories of vertical development with zero setbacks.

Preliminary planning indicates the site can support an estimated ±50 residential units with a flexible studio, one-bedroom, and two-bedroom mix, averaging approximately 725 square feet per unit. Total estimated livable residential area is ±35,000–37,000 square feet with total gross building area of approximately ±44,000–46,000 square feet (subject to final design and approvals).

The property benefits from strong transit connectivity and proximity to key neighborhood amenities, including Gotham Greens, Farm Fresh RI, the Toby Street Pedestrian Bridge, and the Westminster / Atwells / Broadway commercial corridors. Downtown Providence and the Jewelry District are minutes away, with exceptional regional access via I-95, Route 10, and Route 6.

Due diligence is substantially complete, including Phase I Environmental, zoning confirmation of M-MU-75 by-right status, utilities available in street, and preliminary massing studies. The site is well-positioned for long-term value creation through ground-up residential or mixed-use development, with Opportunity Zone tax advantages for qualifying investors.

Offering Highlights
Off-market development opportunity
By-right M-MU-75 zoning (75’ height / approx. 6 stories)
Opportunity Zone location
Estimated ±50 residential units
Zero setback urban infill site
Utilities available in street
Strong neighborhood and regional connectivity

Pricing guidance is provided for discussion purposes only. Call for offers.

Highlights

Qualified Opportunity Zone
MU-75 Zoning
Multiple Lots
Combined lot size 10,000 square feet
Clean Phase 1 Environmental

Public Transportation

Commuter RailDriveWalkDistance
Providence (Providence/Stoughton Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line)) 5 min - 2.0 mi
Pawtucket/Central Falls (Foxboro Event Service - MBTA, Providence/Stoughton Line - MBTA) 11 min - 5.8 mi
AirportDriveWalkDistance
Rhode Island Tf Green International 18 min - 9.4 mi
Richard Oliveira 401-830-3262 Future Properties
Richard Oliveira 401-830-3262 Future Properties