72 Parker StWoonsocket, RI 02895

Property Details for 72 Parker St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.12 AC

Property size (Sq ft)

11,222 SF

Zone code

R4

Property type

Showrooms

APN

WOON M:10M L:372 U:16

APU

WOONM10ML372U16

Description

This exceptional commercial property presents a unique investment opportunity in the thriving city of Woonsocket, Rhode Island. Encompassing a total of approximately 16,500 square feet across three parcels – 72 Parker Street, 143 Lincoln Street, and 0 Parker Street – this offering provides significant flexibility for a variety of commercial ventures. Currently configured as a partially occupied transmission and automotive center, the main building at 72 Parker Street offers roughly 11,222 square feet of usable space. The combined 0.38-acre lot provides ample room for expansion or outdoor operations. The property's versatile layout and substantial size make it ideal for a range of businesses seeking a prominent location in Woonsocket. Given its current use and substantial square footage, this property is well-suited for automotive-related businesses, but its adaptability opens doors to numerous other possibilities. The sale includes all three parcels, presenting a cohesive and expansive opportunity for a discerning investor. This is a rare chance to acquire a significant commercial holding in a dynamic Rhode Island market. Don't miss this chance to capitalize on the tremendous potential of this multifaceted property. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $2,727,338

  6.5%

  $2,517,542

  7%

  $2,337,718

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,694,992

  Geo Method

  $3,694,992

• Alternative Use

  Use

  Valuation

  Residential

  $2,123,641

  Hospitality

  $1,945,244

  Educational

  $1,618,420

  Medical

  $1,674,080

  Retail

  $2,517,542

Location Insight

City

Woonsocket

County

Providence

State

Rhode Island

Latitude

41.9964

Longitude

-71.5206

CBSA code

39300

CBSA name

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

Property Tax & Assessments

FAQs

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