212 Main StWoonsocket, RI 02895

Property Details for 212 Main St

Year built

1930

Construction

FRAME

Lot size

0.05 AC

Property size (Sq ft)

2,310 SF

Zone code

MU1

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

WOON M:13D L:49 U:11

APU

WOONM13DL49U11

Description

This exceptional commercial property at 212 N Main Street presents a unique investment opportunity. The 888 square foot space is situated on a 2,178 square foot lot with 20 feet of frontage, offering excellent visibility and accessibility for any business. Currently configured as a single-tenant unit, this versatile space is ideal for a variety of uses, including retail, salon/barbershop, or instructional fitness, as indicated by its MU1 zoning. The building is classified as Class B and boasts a prime location just one minute away from the Stadium Theatre, Lops Brewing, and Ciro's Tavern, ensuring high foot traffic and exposure to a vibrant community. The property's flexible layout allows for easy customization to suit specific business needs. While there are no on-site parking spaces, the convenient location offers easy access to public transportation and ample street parking. This is a rare chance to acquire a well-situated commercial property in a thriving area, perfect for entrepreneurs and established businesses alike. The single-suite building offers a manageable and efficient space for a variety of commercial ventures. This property is ready for immediate occupancy and presents a strong return on investment potential.

• CAP approach

  CAP return

  Valuation

  6%

  $381,912

  6.5%

  $352,534

  7%

  $327,353

• Comparable approach

  Method

  Valuation

  Relative Method

  $301,825

  Geo Method

  $301,825

• Alternative Use

  Use

  Valuation

  Residential

  $437,142

  Hospitality

  $400,420

  Educational

  $333,145

  Medical

  $344,602

  Retail

  $518,225

Location Insight

City

Woonsocket

County

Providence

State

Rhode Island

Latitude

42.0084

Longitude

-71.5143

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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