Freestanding Flex Commercial
230 North Main Street Woonsocket, RI 02895
230 North Main Street, Woonsocket, RI, 02895
$171,000
For Sale
$171,000
Freestanding building offers 10-foot ceilings, concrete floors, office and bathroom, plus rear garage bay access.
Property Size816 SF
Price / SF$209.56
Days on Market33
Property Features for 230 North Main Street
General Information
- Standard status
- Active
- Size
- 816 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1922
Listing agency
Engel & Volkers Oceanside
(401) 244-8355
Listed by
The DiSpirito Team
(401) 244-8355
Source
Liongatere
Added: Jun 19 Updated: Jul 21 at 7:41AM Checked: Jul 21 at 7:41AM
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
Investment Insights
Based on property information with market context.
Freestanding commercial flex/industrial building on North Main Street in Downtown Woonsocket, built in 1922. The interior includes a private office and waiting room at the front, an open working area, and a full bathroom with shower. Rear of the building provides garage bay access, and the property is served by gas heat. Concrete floors and approximately 10-foot ceilings support a practical setup for a variety of light commercial uses. On-site paved parking is available, totaling approximately 2,000 SF.
The building is located on one of Woonsocket’s most active commercial corridors, surrounded by Downtown that has seen consistent investment. Nearby points of interest include the Stadium Theatre, the Museum of Work & Culture, and Chan’s, with Landmark Medical Center under a mile away. Providence is 13 miles south and Boston is 40 miles north, supporting the area as a regional service hub. The property is located in Flood Zone X and is zoned MU-1.
The building is located on one of Woonsocket’s most active commercial corridors, surrounded by Downtown that has seen consistent investment. Nearby points of interest include the Stadium Theatre, the Museum of Work & Culture, and Chan’s, with Landmark Medical Center under a mile away. Providence is 13 miles south and Boston is 40 miles north, supporting the area as a regional service hub. The property is located in Flood Zone X and is zoned MU-1.
Key Highlights
- Freestanding commercial building on North Main Street in Downtown Woonsocket, built in 1922
- 816 SF interior with 10‑foot ceilings and concrete floors, plus a private office and waiting room
- Open working area with rear garage bay access and a full bathroom with shower
Local Financial Insights For Flex RnD
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 | $8.1k | $9.96 |
| − Vacancy | −$366 | −$0.45 |
| EGI | $7.8k | $9.51 |
| − OpEx | −$2.7k | −$3.33 |
| NOI | $5.0k | $6.18 |
816 SF · lease $9.96/SF/yr · vacancy 4.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$72.1K
$63.1K – $84.1K
NOI $5,045 @ 7.0% cap · market cap 2.95%
Second Best
Industrial
$60.8K
$53.2K – $71.0K
NOI $4,258 @ 7.0% cap · market cap 2.49%
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.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market 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
FAQs
What type of property is this?
Flex space - Freestanding building offers 10-foot ceilings, concrete floors, office and bathroom, plus rear garage bay access.
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 in 1922; 816 SF interior with 10‑foot ceilings and concrete floors, plus a private office and waiting room; Open working area with rear garage bay access and a full bathroom with shower
