5.4 Acres of Improved Commercial Land for Sale in Woonsocket, Rhode Island
308 E School St, Woonsocket, RI 02895
This is a portfolio sale comprising of two properties containing four buildings on approx. six acres. 105,000 SF of space is presently occupied and the projected N.O.I of 229K is based on the entire property being rented. This also factors in a 10% vacancy rate. There have been substantial improvements made over the last five years and while more work remains to be completed, there will be a substantial upside to the cash flow upon completion. This property also features, lots of parking, front loading docks, high ceilings, open floor space and storage. It's located near the highway and provides for easy access from routes 146, I495 & I295. It's located in the Industrial zone, which is not only ideal for ecommerce but may be the ideal setting for the future Marijuana grow market. Please note that some numbers being reported are projected based on full occupancy.
Property details
- County
- Providence County
- Community
- East School
- Zoning
- I1
- Elevation
- 128 feet
- MLS Number
- SWMLS 1295129
Detailed attributes
Listing
- Type
- Commercial
- Franchise
- Keller Williams Realty
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
July 15, 2023 | Under contract | $1,795,000 | — | SWMLS |
Oct 1, 2021 | New listing | $1,795,000 | — | SWMLS |