Five Richmond
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
161 Benefit Street
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$6,350,000

161 Benefit Street

9,687 Sq.Ft. 7,661 Sq.Ft.

Description

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.

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Location

161 Benefit Street, Providence, RI 02903

Status

For Sale

Jim DeRentis

TITLE

Primary Contact

Derek Simpson

Property Amenities

Interior
Laundry room In Unit
Area & Lot
Total area 9,687 Sq.Ft.
Lot Area 7,661 Sq.Ft.
Living area 9,687 Sq.Ft.
MLS® ID 1405710
Year Built 1876
Architecture Styles Historic/Antique
Type Commercial
Status For Sale
Exterior
Stories 4
Air conditioning Central Air, Partial, Window Unit(s)
Heat type Central, Forced Air
Water Source Connected, Public
Security Features Closed Circuit Camera(s), Carbon Monoxide Detector(s), Fire Alarm, Fire Escape, Smoke Detector(s), Security Lights, Building Security, Fire Sprinkler System
Sewer Connected, Public Sewer
Lot Features Corner Lot, Historic District
Utilities Cable Available, Electricity Available, Natural Gas Connected, Municipal Utilities, Phone Available, Water Connected, Sewer Connected
Finance
Sales Price $6,350,000
Real Estate Tax $58,248 yearly
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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Thank you for your interest in 161 Benefit Street, Providence, RI 02903. We are reviewing your request and will be in touch shortly!

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