Freestanding Flex/Office
230 North Main Street, Woonsocket, RI 02895
Freestanding building with private office, waiting area, rear garage-bay access, and on-site paved parking.
Type:General Commercial
Property size:
816 SFPrice / SF:
$209/SF- Added:
- Jun 15, 2026
- Days on Market:
- 13
- Last Refresh:
- Jun 24 at 2:05 am
Property Features for 230 North Main Street
General Information
- Standard status
- Active
- Size
- 816 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1922
Listing office Engel & Volkers Oceanside (401) 244-8355
Listing date Jun 15, 2026
Source Xome
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 Engel & Volkers Oceanside
HighLights
- Freestanding commercial building on North Main Street in downtown Woonsocket (built 1922)
- 816 SF interior with 10‑foot ceilings, concrete floors, and gas heating
- Front includes a private office and waiting room; rear has an open working area with garage‑bay access
- Includes a full bathroom with shower and 9 parking spaces
- Zoned MU‑1 and located in Flood Zone X
- On‑site paved parking on a paved, high‑traffic city road with public transport access
Overview
This freestanding commercial building offers a practical front-to-rear layout with a private office and waiting room at the front, plus an open working area designed for flexible use. The rear includes garage-bay access, and the interior is supported by concrete floors and approximately 10-foot ceilings. A full bathroom with a shower is in place, and gas heat provides building comfort. The property was built in 1922 and sits within a paved on-site parking area, supporting day-to-day customer or staff access.
Located on North Main Street in Downtown Woonsocket, the building benefits from being positioned along an active commercial corridor. Nearby are the Stadium Theatre, the Museum of Work & Culture, and Chan’s, a landmark dining and live music venue. Landmark Medical Center is under a mile away, contributing to regular foot and vehicle activity along the corridor. Boston is 40 miles north and Providence is 13 miles south, supporting the building’s role as a local service hub.
Zoned MU-1, the property can support a range of flex and office uses where a freestanding presence, front reception space, and rear garage-bay access are important. With on-site paved parking and a straightforward interior configuration, it may be well-suited for small service users, professional offices, or other operations needing both office functions and convenient rear access. Flood Zone X is noted for the site.
Located on North Main Street in Downtown Woonsocket, the building benefits from being positioned along an active commercial corridor. Nearby are the Stadium Theatre, the Museum of Work & Culture, and Chan’s, a landmark dining and live music venue. Landmark Medical Center is under a mile away, contributing to regular foot and vehicle activity along the corridor. Boston is 40 miles north and Providence is 13 miles south, supporting the building’s role as a local service hub.
Zoned MU-1, the property can support a range of flex and office uses where a freestanding presence, front reception space, and rear garage-bay access are important. With on-site paved parking and a straightforward interior configuration, it may be well-suited for small service users, professional offices, or other operations needing both office functions and convenient rear access. Flood Zone X is noted for the site.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.4k | $20.04 |
| − Vacancy | −$2.3k | −$2.81 |
| EGI | $14.1k | $17.23 |
| − OpEx | −$3.5k | −$4.31 |
| NOI | $10.5k | $12.93 |
816 SF · lease $20.04/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$150.7K
$131.8K – $175.8K
NOI $10,547 @ 7.0% cap · market cap 6.17%
Second Best
Flex RnD
$72.1K
$63.1K – $84.1K
NOI $5,045 @ 7.0% cap · market cap 2.95%
Theoretical Best
Multifamily LT 5
$194.1K
$169.8K – $226.5K
NOI $13,587 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Flex space
Similar Places Nearby
- Sodexo — 108 High St, Woonsocket, RI 02895
- Every1sChef — 40 S Main St, Woonsocket, RI 02895
- Caribbean Delights — 40 S Main St, Woonsocket, RI 02895
- A Taste of Europe, LLC — 501 E School St, Woonsocket, RI 02895
Location Insight
- Map
- Local Demand
- City
- Woonsocket
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.5142829
- Latitude
- 42.0085469
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Freestanding building with private office, waiting area, rear garage-bay access, and on-site paved parking.
Where is this flex space located?
The property is located at 230 North Main Street Woonsocket, RI.
What is the asking price?
The asking price for this property is $171,000.
What are key features of this property?
This property features: Freestanding commercial building on North Main Street in downtown Woonsocket (built 1922); 816 SF interior with 10‑foot ceilings, concrete floors, and gas heating; Front includes a private office and waiting room; rear has an open working area with garage‑bay access
