For Sale
$525,000

210 Main StWoonsocket, RI 02895

Turnkey 4-unit building, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use property, located at 210-212 North Main Street in Woonsocket, Rhode Island, presents a compelling investment opportunity. The 3-story, 3,003 square foot building, constructed in 1930 and situated on a 0.05-acre lot (APN: WO C3-13-49), is currently operating at 100% occupancy, generating a strong net operating income (NOI) of $53,131 and an 8.93% cap rate. The asking price is $525,000, representing a price per unit of $148,750. The property features four units: a custom master office/retail suite (Unit 1) with a private office, half bath, and kitchenette plumbing; a fully renovated Unit 2f boasting modern amenities, including custom sliding pocket doors, granite countertops, LVT flooring, and new stainless-steel appliances; a renovated Unit 2r with granite countertops and LVT flooring; and a renovated Unit 3 featuring a new natural gas wall heater and supplemental electric baseboard heaters. Significant recent renovations include a new roof (with a 12-year warranty), a new exterior staircase, and updated heating and cooling systems throughout. The property is zoned MU1 and offers easy access to major metropolitan areas, making it attractive to both tenants and investors. This turnkey property is ideal for those seeking a diversified portfolio or a thriving business location within a revitalizing community. The property's strong financial performance and recent renovations make it a rare find in the current market.

Highlights

  • $525,000 asking price for a mixed-use property in Woonsocket, RI.
  • 3,003 square feet, 4 units, 100% occupancy.
  • 8.93% cap rate with a $53,131 NOI.
  • Totally renovated, turn-key condition with recent updates including a new roof, exterior staircase, and unit renovations.
  • Features include new appliances, granite countertops, updated bathrooms, and modern finishes.

Property Details for 210 Main St

Property type
Retail properties, Office properties
Square Feet
3,003 SF
Year Built
1930
Buildings
1
Stories
3
Lot Size (sq. ft)
2,178 SF
Units
4

Location Insight

City
Woonsocket
County
Providence
State
Rhode Island
Latitude
42.0084623
Longitude
-71.5142647
210 Main St, Woonsocket, Rhode Island

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210 Main St
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