Land Investment Opportunity in Providence
TL;DR
Build your next residential project on a flat corner lot with R4 zoning and street-ready utilities, located just minutes from Providence College in a high-demand rental and owner-occupant market.
Prime Real Estate Opportunity at 85 Berkshire Street
If you’re searching for a strategic land investment in Providence, this vacant residential lot offers an excellent opportunity for builders, developers, and long-term investors. Located at 85 Berkshire Street, Providence, RI 02908, the property sits in a desirable neighborhood just minutes from Providence College, an area known for consistent housing demand.
The lot measures just under 4,000 square feet and features a flat, corner-lot layout, making it easier to design, access, and build compared to irregular or sloped parcels. Corner positioning also enhances visibility, flexibility, and curb appeal for future residential development.
Property Highlights & Development Potential
The property is zoned R4 residential, which provides flexibility for multiple residential development options, subject to city approvals and buyer due diligence. Possible uses may include:
A custom single-family residence
A side-by-side duplex
Potentially a three-family property (triplex)
All major utilities — water, sewer, gas, and electricity — are available at the street, helping reduce development timelines and upfront infrastructure planning.
The location offers quick access to I-95 and Route 146, making it attractive for commuters, renters, and owner-occupants alike. Proximity to Providence College further supports strong long-term rental demand.
Pricing, Easement & Buyer Due Diligence
The property is offered at $200,000 (MLS #1401856). Please note that the lot will be conveyed with an easement benefiting the neighboring property at 91 Berkshire Street.
As with all vacant land purchases, buyers are responsible for verifying zoning, inspections, surveys, engineering feasibility, and securing all required city approvals. The seller and listing agent make no warranties or representations regarding specific buildability.
Frequently Asked Questions
Q: What makes 85 Berkshire Street a strong investment opportunity in Providence?
A: The property combines a flat corner lot, street-ready utilities, R4 zoning, and close proximity to Providence College — all key factors that support long-term residential demand and development flexibility.
Q: Can I build a multi-family property on this lot?
A: R4 zoning may allow for a duplex or potentially a three-family property, subject to city approvals and architectural plans. Contact Alex Parmenidez for insight into local zoning trends and development activity in 02908.
Q: Are utilities already connected to the lot?
A: Utilities are not branched into the center of the lot, but water, sewer, gas, and electricity are all available at the street, simplifying the development process.
Q: What is the advantage of R4 zoning in this area?
A: R4 zoning allows for higher-density residential use compared to standard zoning, offering more flexibility to maximize land value through multi-unit construction. Reach out to Alex to receive a detailed property overview and zoning discussion.
Q: What’s the best first step if I want to move forward?
A: Bring your engineer or architect to evaluate the site and confirm zoning and build requirements with the city.
Schedule a site visit or explore Alex Parmenidez’s current featured listings.
Ready to explore the potential of this unique corner lot near Providence College? This is a rare opportunity to secure buildable land in a high-demand Providence neighborhood.
By Alex Parmenidez, REALTOR® | Coldwell Banker Realty
Alex Parmenidez | Realtor® Licensed CT-MA-RI | Coldwell Banker Realty
196 Waterman St, Providence, RI 02906
C: (401) 426-4825 | O: (401) 351-2017
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