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Freestanding Flex Warehouse Building

230 North Main Street Woonsocket, RI 02895

230 North Main Street, Woonsocket, RI, 02895
$171,000
For Sale
Claim this Listing
$171,000

Commercial Sale, Other - Woonsocket, RI

Property Size816 SF
Lot Size3,920.00 Acres
Price / SF$209.56
AddedJun 30
Days on Market16
Last RefreshJul 15 at 11:06 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

Listing agent The DiSpirito Team

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

Listing date Jun 30, 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.


Investment Insights

Based on property information with market context.

Freestanding commercial building in Downtown Woonsocket built in 1922. The space includes a private office and waiting room at the front, an open working area, and rear garage-bay access. A full bathroom with shower is provided, and the building is heated with gas. Concrete floors and 10-foot ceilings support a range of light industrial or service uses.

The property is located on North Main Street within a busy commercial corridor. On-site paved parking is approximately 2,000 SF.

Zoned MU-1, the building offers a straightforward front-to-back layout with office space and customer-facing room at the entry, paired with flexible rear access for loading or service-oriented operations. Flood Zone X.

Key Highlights

  • Freestanding 816 SF commercial building on North Main Street in Downtown Woonsocket, built in 1922
  • Features 10‑foot ceilings, concrete floors, a private office and waiting room, plus an open working area with rear garage‑bay access
  • Includes 1 full bathroom with shower; gas forced‑air heat

Local Financial Insights For Warehouse

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 $6.1k $7.50
− Vacancy −$37 −$0.05
EGI $6.1k $7.46
− OpEx −$912 −$1.12
NOI $5.2k $6.34
816 SF · lease $7.50/SF/yr · vacancy 0.60% · expense 15.00%

Alternative Uses

Best Use
Warehouse
$73.9K
$64.6K – $86.2K (±1% cap)
NOI $5,171 @ 7.0% cap · market cap 3.02%
Second Best
Flex RnD
$72.1K
$63.1K – $84.1K (±1% cap)
NOI $5,045 @ 7.0% cap · market cap 2.95%
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 Analytics

Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Spa & Massage Center Acupuncture (Bike/Boat/Book/etc) Store Skin Care Clinic Travel Agency (Bike/Boat/Book/etc) Store Nail Salon

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

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 with 10-foot ceilings, concrete floors, a private office and garage-bay access in the rear.
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 816 SF commercial building on North Main Street in Downtown Woonsocket, built in 1922; Features 10‑foot ceilings, concrete floors, a private office and waiting room, plus an open working area with rear garage‑bay access; Includes 1 full bathroom with shower; gas forced‑air heat
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