$3,950,000

About this home

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.

Property details

MLS #

1402530

Property type

Commercial,Industrial,Mixed Use,Office,Warehouse

Subdivision

N/A

Status

Active

Days on market

227

On market date

January 5, 2026

Stories

N/A

Garage spaces

N/A

Lot size

3.09 acres

Nearby schools

Within 10 miles · public school directory data (NCES)