Freestanding Flex/Office
230 North Main Street Woonsocket, RI 02895
230 North Main Street, Woonsocket, RI, 02895
$171,000
For Sale
$171,000
Commercial Sale, Other - Woonsocket, RI
Property Size816 SF
Lot Size3,920.00 Acres
Price / SF$209.56
Days on Market20
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 Agency
Engel & Völkers East Greenwich
(401) 638-0010
247 Main Street, East Greenwich, RI
Listed by
The DiSpirito Team
(401) 244-8355
Added: Jun 30 Checked: Jul 19 at 5:06 am
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.
This freestanding commercial building includes a private office and waiting room up front, with an open working area and rear garage-bay access. The space features a full bathroom with shower, 10-foot ceilings, and concrete floors, with gas heat. Built in 1922, the property also offers approximately 2,000 SF of on-site paved parking.
Located on North Main Street in downtown Woonsocket, the building is positioned along a highly active commercial corridor. Nearby are the Stadium Theatre, the Museum of Work & Culture, and Chan’s, and Landmark Medical Center is under a mile away.
The property is zoned MU-1 and is located in Flood Zone X.
Located on North Main Street in downtown Woonsocket, the building is positioned along a highly active commercial corridor. Nearby are the Stadium Theatre, the Museum of Work & Culture, and Chan’s, and Landmark Medical Center is under a mile away.
The property is zoned MU-1 and is located in Flood Zone X.
Key Highlights
- 816 SF freestanding commercial building on North Main Street in Downtown Woonsocket
- 10‑foot ceilings, concrete floors, private office and waiting room up front
- Open working area with rear garage bay access plus 1 full bathroom with shower
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
Warehouse
$73.9K
$64.6K – $86.2K
NOI $5,171 @ 7.0% cap · market cap 3.02%
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
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
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FAQs
What type of property is this?
Flex space - Freestanding building with 10-foot ceilings, concrete floors, front office/waiting area, and 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: 816 SF freestanding commercial building on North Main Street in Downtown Woonsocket; 10‑foot ceilings, concrete floors, private office and waiting room up front; Open working area with rear garage bay access plus 1 full bathroom with shower
