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    565 N Main St Woonsocket, RI 02895

    For Sale
    $3,825,000

    105,935 SF industrial mill ideal for multifamily conversion.

    Property size:
    105,935 SF

    Property Features for 565 N Main St

    General Information

    Size
    105,935 SF

    Building Details

    Year built
    1918

    Source: Bob Berle Agent Bob Berle

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Industrial Mill Multifamily Conversion Potential

    This 105,935 square foot industrial mill features a new roof, new windows, a new fire alarm system, an updated fire suppression system, new lights, security cameras, heaters, and replaced sewer lines. A functional freight elevator is also present. The property is ideally suited for an industrial owner or user, and it is perfectly poised for multi-family conversion. Woonsocket, RI, offers a blend of urban conveniences and New England charm, including attractions like the Museum of Work and Culture and River Island Park, along with a variety of shops and restaurants. With convenient access to major highways, Woonsocket is an attractive location for industrial businesses and multi-family mill conversions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strong Insurance Rhode ... Insurance Agency Direct Discount Inc. Beauty Salon

    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
    -71.5132927
    Latitude
    42.0129989

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      Woonsocket Multi-Family Investment Opportunity

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    FAQs

    What type of property is this?
    Manufacturing property - 105,935 SF industrial mill ideal for multifamily conversion.
    Where is this manufacturing property located?
    The property is located at 565 N Main St Woonsocket, RI.
    What is the asking price?
    The asking price for this property is $3,825,000.
    What are key features of this property?
    This property features: - Ideal for multi-family conversion or industrial owner/user.; - Substantial 105,935 square feet.; - New roof, windows, fire alarm, and replaced sewer line.
    (843) 367-0291
    Request Owner's contact information
    565 N Main 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
    565 N Main St Woonsocket, RI 02895
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