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Woonsocket Mixed-Use Corner Property

185 Spring Street, Woonsocket, RI 02895

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For Sale

$600,000

Versatile mixed-use property in Woonsocket with commercial and residential potential.

Type:Commercial

Property size:

3,516 SF

Lot size:

0.36 Acres

Price / SF:

$170/SF

HighLights

Mixed‑use property suitable for various business types or residential use
Located on a corner lot with 0.36 acres, offering development potential
Zoning (COMBO COM M94 R3) supports both residential and commercial applications
Recently renovated second‑floor apartment provides modern living space
Currently provides 3,516 square feet of living space
First floor is currently occupied by a business

We can help!

Listing Contact

Antoanet Sialer

Learn more

For Sale

$600,000

Versatile mixed-use property in Woonsocket with commercial and residential potential.

Type:Commercial

Property size:

3,516 SF

Lot size:

0.36 Acres

Price / SF:

$170/SF

Added:: Apr 6, 2026
Days on Market:: 68
Last Refresh:: Apr 25 at 6:18 am

Property Features for 185 Spring Street

General Information

Standard status: Active
Size: 3,516 SF
Lot size: 0.36 Acres
Property subtype: Commercial

Building Details

Year Built: 1930

We can help!

Listing Contact

Antoanet Sialer

Listing agent Antoanet Sialer

Listing office Prime Time Properties, Inc.

Listing date Apr 6, 2026

Source Liongatere

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

All listing content including descriptions, pricing, images are the copyrighted material of Prime Time Properties, Inc.

HighLights

Mixed‑use property suitable for various business types or residential use
Located on a corner lot with 0.36 acres, offering development potential
Zoning (COMBO COM M94 R3) supports both residential and commercial applications
Recently renovated second‑floor apartment provides modern living space
Currently provides 3,516 square feet of living space
First floor is currently occupied by a business

Overview

Located at 185 Spring Street in Woonsocket, this mixed-use property presents diverse opportunities. The building's structure can be adapted for various uses, including hall rental, a restaurant, or other business types. Situated on a corner lot, the property includes 3,516 square feet of living space. Zoned as COMBO COM M94 R3, it accommodates both residential and commercial purposes. The lot size is 0.36 acres, providing substantial space for development. The first floor is currently occupied by a business. The second-floor apartment has been recently renovated, offering modern amenities. This property is suitable for business owners or investors seeking a versatile property in a well-located area of Woonsocket.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$89.9k	$25.56
− Vacancy	−$5.4k	−$1.53
EGI	$84.5k	$24.03
− OpEx	−$38.0k	−$10.81
NOI	$46.5k	$13.21

3,516 SF · lease $25.56/SF/yr · vacancy 6.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$663.7K

$580.8K – $774.4K (±1% cap)

NOI $46,462 @ 7.0% cap · market cap 7.74%

Second Best

Mixed Use

$593.3K

$519.2K – $692.2K (±1% cap)

NOI $41,533 @ 7.0% cap · market cap 6.92%

Theoretical Best

Multifamily LT 5

$836.3K

$731.8K – $975.7K (±1% cap)

NOI $58,543 @ 7.0% cap · market cap 9.76%

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

Location Intelligence

Current Use by Public Records

Alderwood Funeral Home ... Social Service Agency Berarducci Funeral Home ... Cremation Service

Suggested Use

Location Insight

Map
Local Demand

City: Woonsocket
County: Providence
State: Rhode Island
Longitude: -71.5160669
Latitude: 42.0089961

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For sale
Mixed-use properties
RI
Woonsocket
02895
185 Spring Street

What type of property is this?

Mixed-use property - Versatile mixed-use property in Woonsocket with commercial and residential potential.

Where is this mixed-use property located?

The property is located at 185 Spring Street Woonsocket, RI.

What is the asking price?

The asking price for this property is $600,000.

What are key features of this property?

This property features: Mixed‑use property suitable for various business types or residential use; Located on a corner lot with 0.36 acres, offering development potential; Zoning (COMBO COM M94 R3) supports both residential and commercial applications