Freestanding Flex
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 Market22
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 Updated: Jul 20 at 3:02 pm Checked: Jul 21 at 4:06 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.
Freestanding commercial building offering a mix of office and warehouse functionality. The interior includes a private office and waiting room at the front, an open working area, and rear garage bay access. The space also features 10-foot ceilings, concrete floors, and a full bathroom with a shower. Gas heat is installed, and the building was built in 1922.
Located on North Main Street in Downtown Woonsocket, the property sits along a highly 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 day-to-day foot and vehicle traffic along the area.
The property includes approximately 2,000 SF of on-site paved parking. Zoning is MU-1, and the site is in Flood Zone X.
Located on North Main Street in Downtown Woonsocket, the property sits along a highly 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 day-to-day foot and vehicle traffic along the area.
The property includes approximately 2,000 SF of on-site paved parking. Zoning is MU-1, and the site is in Flood Zone X.
Key Highlights
- Freestanding commercial building on North Main Street in Downtown Woonsocket (built 1922).
- 816 SF interior with 10‑foot ceilings, concrete floors, and a private office plus waiting room.
- Rear garage‑bay access and an open working area, along with a 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
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 with private office, open work area, rear garage-bay access, gas heat, and 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 a private office plus waiting room.; Rear garage‑bay access and an open working area, along with a full bathroom with shower.
