5.4 Acres of Improved Commercial Land for Sale in Woonsocket, Rhode Island

308 E School St, Woonsocket, RI 02895

Images
Map
Street
1 / 20
$1,795,000
5.36 acres
pending saleUnder contract

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.

Sq feet
1904
Built

Property details

Coordinates
42.0113, -71.5081
Community
East School
Zoning
I1
Elevation
128 feet
MLS Number
SWMLS 1295129

Parcels

  • 308292EASTSCHOOLSTWOON

Property taxes

2020
$21,708

Resources

Detailed attributes

Listing

Type
Commercial
Franchise
Keller Williams Realty

Listing history

DateEventPriceChangeSource
July 15, 2023Under contract$1,795,000SWMLS
Oct 1, 2021New listing$1,795,000SWMLS
Subscribe to listing updates

Payment calculator

This 5.36-acre property is located at 308 E School St in Woonsocket, RI 02895 with latitude 42.0113 and longitude -71.5081. The property is currently pending sale for $1,795,000. It has a structure built in 1904. Listing data is sourced from State Wide MLS of Rhode Island # 1295129.

Verify sale details at the property source or contact Keller Williams Coastal at (401) 845-9200.

Report listing issue

Copyright (C) 2024 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Listing checked and updated . Parcel data by Regrid.

Contact listing agent Message rules
By submitting, you agree to the terms of use, privacy policy, and to receive communications.