Commercial Land in Providence, Rhode Island, offers a unique opportunity for investors seeking to diversify their portfolios. With a rich history and a strong economy, Providence is an attractive location for businesses and individuals alike. Commercial Land investments can represent a range of opportunities, from retail and office spaces to industrial and mixed-use developments. Providence's strategic location, with easy access to major transportation hubs, including T. F. Green Airport and Providence Station, makes it an ideal spot for businesses seeking to reach a wider audience. The city's amenities, such as Waterplace Park and the Riverwalk, Roger Williams Park, and Prospect Terrace Park, also contribute to its appeal. Additionally, Providence is home to several institutions of higher learning, including Brown University, Johnson & Wales University, and Rhode Island College, providing a skilled workforce and a strong foundation for economic growth.
With 16 Commercial Land listings available in Providence, investors have a range of options to choose from. The average price per square foot is , and the average size of these listings is 11,712 square feet, with the largest property spanning 11,712 square feet. The average cap rate for Commercial Land in Providence is. In addition to Commercial Land, Providence also offers other property types, including residential properties, office spaces, and industrial facilities. The city's diverse economy, strong infrastructure, and rich cultural scene make it an attractive location for businesses and individuals seeking to invest in Commercial Land.
What are common commercial uses for land in the Providence market?
Commercial land for sale in Providence, Rhode Island, is often utilized for a variety of purposes, including retail spaces, office buildings, and industrial facilities, taking advantage of the city's strategic location and access to major transportation hubs. With 16 available listings, investors and developers can find opportunities to capitalize on the city's diverse economy, which is driven by industries such as trade, transportation, utilities, educational and health services, and government services.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Providence, there are several common ways to do so. Whether you're looking to build a new commercial property or renovate an existing one, understanding the process of buying land is crucial, which is why we recommend checking out our article on how to buy land to get started.
