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162 Main St Woonsocket, RI 02895

Sponsored
For Sale
$799,900

Prime Commercial Land, 40+ Unit Potential

Description

Added:
Feb 3, 2025
Days on Market:
343
This exceptional 0.53-acre commercial property at 162 Main Street, Woonsocket, RI, presents a remarkable development opportunity. Situated directly across from City Hall, this high-visibility location offers unparalleled access and exposure. A completed Phase 1 environmental assessment ensures a smooth development process. Preliminary plans are in place for the construction of a multi-unit building, potentially exceeding 40 units. The substantial size of the lot allows for ample off-street parking, with existing plans accommodating 40+ parking spaces. The property's strategic location in the heart of Woonsocket, coupled with its significant development potential and convenient parking, makes it an ideal investment for developers seeking a high-impact project. The asking price is $799,900. This is a rare chance to acquire a prime commercial parcel in a thriving Rhode Island city, ready for immediate development. The existing preliminary plans provide a solid foundation for a swift and efficient project launch. The substantial parking provision addresses a key concern for multi-unit developments, enhancing the property's overall appeal and marketability. Don't miss this opportunity to capitalize on this exceptional location and its significant development potential. Serious inquiries only.

Property Features for 162 Main St

General Information

Property type
Other commercial real estate
Lot Size
23,087 SF

Building Details

Year Built
1930

Property Profile Location Intelligence

Current Use by Public Records

Main Street Historic ... Historical Landmark

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Woonsocket
County
Providence
State
Rhode Island
Longitude
-71.51409
Latitude
42.00304

FAQs

What type of property is this?
Commercial real estate - Prime Commercial Land, 40+ Unit Potential
Where is this commercial real estate located?
The property is located at 162 Main St Woonsocket, RI.
What is the asking price?
The asking price for this property is $799,900.
More about this property
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