69 Main StWoonsocket, RI 02895

Property Details for 69 Main St

Year built

1945

Construction

FRAME

Lot size

0.08 AC

Property size (Sq ft)

2,108 SF

Zone code

MU1

Property type

Investment properties

Property subtype

Live-work space

APN

WOON M:13C L:94 U:5

APU

WOONM13CL94U5

Description

This exceptional mixed-use property at 69 North Main Street in Woonsocket, Rhode Island presents a fantastic investment opportunity. Situated on a 0.08-acre lot, the 2,108 square foot building enjoys a highly desirable location, adjacent to a vibrant downtown area brimming with restaurants, the Stadium Theatre, breweries, the Polar Express Train, museums, and parks. The property's income stream is currently generated by a mix of commercial and residential tenants. A commercial storefront unit, currently operating as a convenience store, is leased on a month-to-month basis, offering flexibility for future use. In addition, two residential units contribute to the property's revenue. One unit is a studio apartment, while the other is a four-bedroom unit, both also leased month-to-month. This provides immediate cash flow and the potential for increased rental income through longer-term leases or market-rate adjustments. The property's prime location and diverse income streams make it an attractive investment for both seasoned and emerging investors seeking a strong return on investment in a thriving urban setting. The building's versatile configuration allows for a variety of future development possibilities, catering to the needs of a dynamic and growing community. This is a rare opportunity to acquire a well-situated, income-producing property in a highly sought-after area of Woonsocket. The asking price is $399,000.

Location Insight

City

Woonsocket

County

Providence

State

Rhode Island

Latitude

42.0066

Longitude

-71.5129

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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