1 Social StWoonsocket, RI 02895

Property Details for 1 Social St

Year built

1906

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.65 AC

Property size (Sq ft)

34,338 SF

Zone code

C1

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WOON M:14B L:230 U:6

APU

WOONM14BL230U6

Description

This exceptional four-story commercial property at 1 Social Street in Woonsocket, Rhode Island, presents a unique investment opportunity. The building, situated on a substantial 28,314 square foot lot, offers a total of 10,717 square feet of versatile space, ideally suited for a variety of uses. The main floor encompasses 7,109 square feet, complemented by an additional 3,608 square feet in the basement. Previously utilized as a school and childcare center, this adaptable space is ready for its next chapter. The building's C-1 zoning allows for diverse commercial applications, including office, retail, and special purpose uses. Its prime downtown location ensures high visibility and foot traffic, further enhanced by its adjacency to the Stadium Theatre, a significant economic driver in the area. The property includes a large, convenient parking lot in the rear, providing ample parking for tenants and visitors, with a total of 50 spaces available. This single-tenant building offers a rare combination of size, location, and parking, making it an attractive prospect for discerning investors and businesses seeking a prominent presence in Woonsocket's thriving downtown. The property consists of one building with four stories and is zoned C-1.

• CAP approach

  CAP return

  Valuation

  6%

  $8,345,332

  6.5%

  $7,703,384

  7%

  $7,153,142

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,306,240

  Geo Method

  $11,306,240

• Alternative Use

  Use

  Valuation

  Residential

  $6,498,092

  Hospitality

  $5,952,218

  Educational

  $4,952,176

  Medical

  $5,122,488

  Retail

  $7,703,384

Location Insight

City

Woonsocket

County

Providence

State

Rhode Island

Latitude

42.0056

Longitude

-71.5117

CBSA code

39300

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].