Benefit Street - Commercial and Residential Building for Sale for $6,850,000
GoLocalProv and Residential Properties Content Partnership
Benefit Street - Commercial and Residential Building for Sale for $6,850,000
Rare opportunity.
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There are only a few mixed-use buildings on Benefit Street, and now one of the most storied buildings is for sale.
The property is 161 Benefit Street on College Hill, and the asking price is $6,850,000
Description:
Introducing the George Earle Building - A unique opportunity to acquire an income-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.
