162 Main St Main StWoonsocket, RI 02895

Property Details for 162 Main St Main St

Year built

1930

Property type

Mixed-use properties

Property subtype

Other retail properties

Description

This exceptional mixed-use property at 162 Main Street in Woonsocket, Rhode Island, presents a compelling redevelopment opportunity. Located directly across from City Hall, this 23,087 square foot lot boasts a 1930s-era building with significant potential. Currently configured as a hotel, the property offers countless possibilities for adaptive reuse. A completed Phase 1 environmental assessment ensures a clean slate for future development. Preliminary plans are in place for the construction of 40+ residential units, capitalizing on the high demand for housing in the area. The property also includes a substantial off-street parking lot with capacity for 40+ vehicles, a significant advantage in a densely populated urban setting. The asking price for this unique investment is $800,000. This prime location, coupled with the existing infrastructure and preliminary plans, makes this a truly exceptional opportunity for developers seeking a high-impact project in a thriving Rhode Island community. The property consists of one building and is zoned for mixed-use development, including hospitality, office, and retail uses. This presents a rare chance to reshape a key piece of Woonsocket's Main Street landscape.

Location Insight

City

Woonsocket

County

Providence

State

Rhode Island

Latitude

42.0028

Longitude

-71.514

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