191 Social StWoonsocket, RI 02895

Property Details for 191 Social St

Year built

1976

Construction

STEEL FRAME

Lot size

2.43 AC

Property size (Sq ft)

67,752 SF

Zone code

C2

Property type

Showrooms

APN

WOON M:22H L:1 U:1

APU

WOONM22HL1U1

Description

This exceptional 10-story, Class B office building, located at 191 Social Street in Woonsocket, Rhode Island, offers a unique opportunity for businesses seeking executive office space. Boasting a total of 198,704 square feet, the property features 15,020 square feet of immediately available space, divisible to a minimum of 537 square feet and with a maximum contiguous space of 5,049 square feet. Built in 1976, this well-maintained building is situated on a 2.35-acre lot and is zoned Commercial - C2. The property benefits from ample parking with 225 spaces available for tenants and visitors. Its convenient location provides easy access to major transportation routes, including Route 146 and Route 99, placing it just one mile south of the Massachusetts border. The building features large windows providing abundant natural light, and is ADA compliant. Multiple long-term tenants are already established within the building, creating a thriving and stable business environment. Build-to-suit options may be available. This property presents a compelling opportunity for businesses seeking a prominent location in a well-established commercial area. Contact us today to learn more about leasing opportunities.

• CAP approach

  CAP return

  Valuation

  6%

  $16,466,101

  6.5%

  $15,199,478

  7%

  $14,113,801

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,308,240

  Geo Method

  $22,308,240

• Alternative Use

  Use

  Valuation

  Residential

  $12,821,328

  Hospitality

  $11,744,268

  Educational

  $9,771,093

  Medical

  $10,107,136

  Retail

  $15,199,478

Location Insight

City

Woonsocket

County

Providence

State

Rhode Island

Latitude

42.0066

Longitude

-71.5093

CBSA code

39300

CBSA name

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

Property Tax & Assessments

FAQs

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