161 Benefit ST, Providence, RI  |  Commercial:$6,850,000
MLS Number: 1405710 - ACTIVE
Lot Size:0.18 Acres
Year Built:1876
Listed By: Residential Properties Ltd.
Introducing the George Earle Building - A unique opportunity to acquire an incoming-producing, signature property on Providence’s famed Benefit Street. In the heart of College Hill, just steps to Brown University and RISD, this multi-use building has been expertly maintained and upgraded by its current owner. This 4-level brick building has 12 units in total – 3 Commercial spaces encompassing the first floor, and 9 residential units on the upper 3 floors. All common areas underwent extensive renovations in 2024, resulting in elegant stairways and corridors, lending to the upscale residential atmosphere. The 3 Commercial spaces on the first floor are currently combined – and leased out to a Top local restaurant – a fantastic long-term tenant for the new owner. This first floor space opens directly to pedestrians on Benefit Street and features walls of glass, exposed brickwork, and city views. The front of the building has been restored to its former glory – gorgeous custom wood doors and windows, and handsome millwork. All 9 residential units feature soaring ceilings, in-unit laundry, stone flooring, and original historic details including plaster moldings and marble fireplaces. Many of the units feature stunning views of Benefit Street and the surrounding neighborhood. The listing package includes the buildable lot at 54 Meeting Street - Zoned R-3 HD, which is currently used as 10 parking spaces. Take advantage of this turn-key investment property unlike any other.
Appliances:
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Appliances:
--
Architectural Style:
--
Bathrooms:
--
Beds:
--
Business Type:
Food & Beverage, Mixed, Parking, Residential, Restaurant, Student Housing
Community Features:
Bus, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Shopping, Restaurant
Construction Materials:
Brick, Masonry
Cooling:
Central Air, Partial, Window Unit(s)
Door Features:
--
Electric:
200 Amps, Common Meter, Individual Meter
Existing Lease Type:
Gross
Finished Floor:
--
Fireplace Type:
--
Fireplaces:
None
Garage Spaces:
--
Handicap Accessible:
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Has View:
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Has Waterfront:
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Heating:
Central, Forced Air
Levels:
--
Living Area:
--
Lot:
Corner, Paved, Sidewalks, Local Historic District, Downtown, Historic, Urban
Lot Frontage:
Neighborhood:
College Hill
Other Structures:
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Owner Pays:
Common Area Maintenance, Exterior Maintenance, Grounds Care, HVAC Maintenance, Insurance, Janitorial, Management, Pest Control, Repairs, Roof Maintenance, Snow Removal, Taxes, Telephone, Trash Services, Water
Parking Features:
--
Pool:
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Property Sub Type:
Apartment,Mixed Use,Multi Family,Commercial
PropertySubType:
Apartment,Mixed Use,Multi Family,Commercial
PropertyType:
Commercial/Business
Rooms:
--
Sewer:
Connected, Public
Structure Type:
Apartment, Historic, Multi Family, Livable, Residence
Tenant Pays:
Air Conditioner, Cable TV, Electric, Gas, Heat, Hot Water, Telephone
Under Construction:
No
View:
--
Waterfront Features:
--
Zip Code:
02903
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