For Sale
$1,900,000

100 Address Withheld StWoonsocket, RI 02895

12,500 SF Flex Space, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use property in Woonsocket, Rhode Island presents a compelling investment opportunity. Located at 100 Address Withheld St, 02895, this 2.27-acre site boasts 12,500 square feet of net rentable space across four buildings, offering flexible configurations suitable for various commercial uses. The property features a 15-foot ceiling height, ample parking for 40 vehicles, and is zoned for mixed use (MU), allowing for a wide range of development possibilities. Currently listed at $1,900,000, this represents a remarkable $152 per square foot price point and a strong 15% capitalization rate. Situated conveniently near Route 146 and Interstate 295, this location benefits from high visibility and accessibility, with an average daily traffic count exceeding 17,000 vehicles. The property is connected to three-phase power and is designated as a Qualified Opportunity Zone, providing substantial tax advantages for investors. This prime real estate presents a rare chance to acquire a versatile property with significant upside potential in a thriving location. The existing structures offer over 12,500 square feet of covered space, providing immediate income potential or a solid foundation for redevelopment. The NNN lease structure minimizes landlord responsibilities. Don't miss this chance to capitalize on this exceptional investment opportunity.

Highlights

  • Exceptional mixed-use investment opportunity in Woonsocket, RI.
  • 2.27-acre site with 12,500 square feet of net rentable space in four buildings.
  • $1,900,000 asking price, representing $152/SF and a 15% cap rate.
  • Convenient location near Route 146 & I-295, with high visibility and over 17,000 ADT.
  • Mixed-use zoning (MU), 15-foot ceilings, 40 parking spaces, and three-phase power.
  • Qualified Opportunity Zone (QOZ) designation offers significant tax advantages.

Property Details for 100 Address Withheld St

Property type
Warehouses, Retail properties
Square Feet
12,500 SF
Buildings
4
Lot Size (sq. ft)
98,881 SF

Location Insight

City
Woonsocket
County
Providence
State
Rhode Island
Latitude
41.9995834
Longitude
-71.5130445
100 Address Withheld St, Woonsocket, Rhode Island

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100 Address Withheld St
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