43 Federal StWoonsocket, RI 02895

Property Details for 43 Federal St

Lot size

0.47 AC

Property size (Sq ft)

16,034 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

This exceptional Woonsocket, RI property at 43 Federal Street offers a unique investment opportunity. The 16,034 square foot, two and three-story brick building, situated on a 0.47-acre lot, presents significant potential for adaptive reuse or redevelopment. Previously used as school/classroom space by the YMCA, the property boasts exposed brick and historical character. Its C-1 zoning, coupled with a Downtown Overlay District designation, allows for a variety of uses, including residential, office, creative, loft, and live/work spaces. The property includes three parcels and features a rear basketball court/playground area with potential for conversion into on-site parking. A connecting catwalk to a neighboring property (also available for sale) adds further development possibilities. Annual property taxes are $20,375.87. This prime location offers convenient access to amenities and transportation. The property is ideal for investors seeking a versatile asset with substantial upside potential in a thriving urban setting. Consider the possibilities of this unique and historically significant building.

Location Insight

City

Woonsocket

County

Providence

State

Rhode Island

Latitude

42.0046

Longitude

-71.5117

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