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    617 Elm St Woonsocket, RI 02895

    For Sale
    $400,000

    Apartment,Commercial - Woonsocket, RI

    Property size:
    7,156 SF
    Lot size:
    0.14 Acres
    Days on Market:
    122
    Last Refresh:
    Dec 5 at 6:06 am

    Property Features for 617 Elm St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MU1
    Parking
    6
    Interior features
    Ceiling Height (9 To 12 Ft)
    Exterior features
    Sidewalks, Suburban
    Size
    7,156 SF
    Lot size
    0.14 Acres

    Building Details

    Year built
    1930
    Floors in Building
    2
    Number of units
    1
    Building materials
    Frame
    Architectural style
    Other

    Boucher Real Estate (401) 766-2200 [email protected]

    Listing agent Gregory Smith (401) 766-2200

    Listing date Aug 6, 2025

    MLS# 1391865 Listing URL

    Copyright © 2025 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.

    Overview

    Woonsocket Retail Site Redevelopment Opportunity

    Located in Woonsocket, Rhode Island, 617 Elm Street offers a redevelopment opportunity. Currently used as a retail site, the property has the potential to be redeveloped into apartments or condos. The property features a flexible lot and structure, offering numerous residential or mixed-use configurations. The site benefits from street visibility and access. The existing building has 7156 square feet of living area and the lot size is 0.1409 acres. The zoning is MU1. This property is located in a growing, desirable market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tardif Furniture Furniture Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Woonsocket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.492828
    Latitude
    42.007707

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    FAQs

    What type of property is this?
    Retail space - Retail property with redevelopment potential for apartments or condos.
    Where is this retail space located?
    The property is located at 617 Elm St Woonsocket, RI.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Redevelopment potential for apartments or condos.; - Prime location in a growing, desirable market.; - Flexible lot and structure allows for numerous residential or mixed-use configurations.
    (401) 766-2200
    Request Owner's contact information
    617 Elm St Woonsocket, RI 02895
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    Woonsocket, RI 02895
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    617 Elm St Woonsocket, RI 02895
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