1394285 - ACTIVE
3.09 Acres
1947
Listed By: Lila Delman Compass
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.
Commercial, Distribution, Distributor, Education/School, Furniture, Industrial, Jewelry, Light Industrial, Manufacturing, Mixed, Office, Office Building, Professional/Office, Real Estate, Research & Development, Warehouse/Distribution, Wholesale
Bus, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Shopping, Near Swimming, Tennis
400 Amps, 440+ Volts, Circuit Breakers
Commercial,Industrial,Mixed Use,Office
Commercial,Industrial,Mixed Use,Office