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One Noyes Avenue in East Providence offers a rare waterfront property for sale with over 15 acres available for redevelopment. This investment property is zoned mixed use and ideal for condo conversion investment and is directly located within the East Providence waterfront development district. The property offers not only a tremendous investment value, but a city eager and willing to assist buyers within the waterfront through an expedited permit approval process. The site sits along the Seekonk River with over 1,100’ of shoreline and is improved with over 450,000 square feet of building. Portions of the building date back to the early 1900’s, offering unique historic features as well as the potential for historic tax credits.

One Noyes Avenue is located in the newly established Phillipsdale Special Development District of East Providence. This is one of seven new districts outlined by the City of East Providence to initiate the redevelopment of over 300 acres of underutilized and underperforming properties along the Seekonk River. The Phillipsdale District is the northern most district and sits across the river from Providence’s affluent East Side neighborhood.

The immediate area, which currently consists of older industrial property, has been rezoned for mixed-use: office, residential (high-density) and retail. The two sites to the south of the property have been purchased by developers and have received approval permits to begin construction. The initial plans show primarily residential development and condo conversion with support retail.

Once again, the East Providence waterfront is going through a substantial transformation, which will greatly impact the future growth and development of the City. One Noyes Avenue presents an incredible opportunity to be part of this transition and help shape and design the future of the waterfront.