For Sale
$800,000

162 Main StWoonsocket, RI 02895

Prime Main Street location, 23,087 SF lot.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 23,087 square foot lot at 162 Main Street in Woonsocket, Rhode Island presents a remarkable development opportunity. Located directly across from City Hall, this prime commercial property boasts a highly visible and accessible location within the heart of the city. The property is classified as mixed-use, encompassing land suitable for hospitality, office, and retail development. A completed Phase 1 environmental assessment ensures a clean slate for prospective developers. Preliminary plans already exist for a multi-unit development, envisioning the construction of 40+ residential units. This significant advantage streamlines the planning process and reduces potential delays. Adding to its appeal, the property includes a substantial off-street parking lot capable of accommodating 40+ vehicles, a crucial asset for any multi-unit development. Built in 1930, the existing structure offers potential for adaptive reuse or complete redevelopment. The asking price for this exceptional property is $800,000. This presents a unique chance to capitalize on the growing demand for residential and commercial space in a thriving Rhode Island city. Don't miss this chance to acquire a piece of Woonsocket's vibrant future.

Highlights

  • $800,000 asking price.
  • 23,087 square foot lot.
  • Mixed-use development opportunity in Woonsocket, RI.
  • Located across from City Hall.
  • Preliminary plans for 40+ units.
  • Large off-street parking lot (40+ spaces).

Property Details for 162 Main St

Property type
Retail properties, Office properties
Year Built
1930
Buildings
1

Location Insight

City
Woonsocket
County
Providence
State
Rhode Island
Latitude
42.0028127
Longitude
-71.5140141
162 Main St, Woonsocket, Rhode Island

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162 Main St
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