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    Freestanding Flex Building with Office Title is generated by Realmo AI

    230 North Main Street, Woonsocket, RI 02895

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    For Sale
    $171,000

    Commercial Sale, Other - Woonsocket, RI

    Type:Mixed Use
    Property size:
    816 SF
    Lot size:
    3,920.00 Acres
    Price / SF:
    $209/SF
    Added:
    Jun 19, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 27 at 8:06 pm

    Property Features for 230 North Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Parking
    9
    Standard status
    Active
    APN
    230NORTHMAINSTWOON
    Lot size
    3,920.00 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1922
    Floors in Building
    1
    Architectural style
    Other

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    The DiSpirito Team

    Listing agent The DiSpirito Team

    Listing office Engel & Völkers East Greenwich 247 Main Street, East Greenwich, RI

    Listing date Jun 19, 2026

    MLS# 1415734 Listing URL

    Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Freestanding downtown Woonsocket commercial building on North Main Street
    • 816 SF with 10‑foot ceilings, concrete floors, private office and waiting room, plus full bathroom with shower
    • Open working area with rear garage bay access
    • Gas heat; forced air system
    • About 2,000 SF of on‑site paved parking
    • Built in 1922; zoned MU‑1; Flood Zone X

    Overview

    This freestanding commercial building offers a compact flex layout with 10-foot ceilings and concrete floors. The front portion includes a private office and a waiting room, while the main open working area extends to rear garage bay access. A full bathroom with shower is included, and the building is heated with gas heat. Built in 1922, the property is presented with approximately 2,000 SF of on-site paved parking.

    Located on North Main Street in downtown Woonsocket, the building sits along an active commercial corridor. Surrounding amenities include the Stadium Theatre, the Museum of Work & Culture, and Chan’s, a noted dining and live music venue. Landmark Medical Center is located under a mile away, contributing to regular daily foot and vehicle activity along this corridor. Providence is 13 miles south and Boston is 40 miles north, positioning the site as a practical service hub within a broader regional draw.

    Zoned MU-1, the building can support a variety of service and light commercial uses that benefit from both an office component and direct access to a garage bay. With its paved parking, front-of-house space, and rear access for work activity, it may fit operators seeking a straightforward, freestanding setup in a downtown corridor setting. The property is in Flood Zone X.

    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 (±1% cap)
    NOI $10,547 @ 7.0% cap · market cap 6.17%
    Second Best
    Warehouse
    $73.9K
    $64.6K – $86.2K (±1% cap)
    NOI $5,171 @ 7.0% cap · market cap 3.02%
    Theoretical Best
    Multifamily LT 5
    $194.1K
    $169.8K – $226.5K (±1% cap)
    NOI $13,587 @ 7.0% cap · market cap 7.95%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    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
    -71.514283
    Latitude
    42.008547

    FAQs

    What type of property is this?
    Flex space - Freestanding building with rear garage bay access, private office, waiting room, and gas heat plus 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 downtown Woonsocket commercial building on North Main Street; 816 SF with 10‑foot ceilings, concrete floors, private office and waiting room, plus full bathroom with shower; Open working area with rear garage bay access
    More about this property
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