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 Market24
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
Listed by
The DiSpirito Team
(401) 244-8355
Added: Jun 30 Updated: Jul 22 at 3:02PM Checked: Jul 23 at 9:06AM
MLS# 1415734
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 flex/warehouse building built in 1922 offering 10-foot ceilings, concrete floors, and a layout designed for a front office with support space. The front includes a private office and waiting room, with an open working area extending through to rear garage bay access. A full bathroom with shower is included, and the property is served by gas heat.
Located on North Main Street in Downtown Woonsocket, the building is positioned along an active commercial corridor. Nearby are the Stadium Theatre, the Museum of Work & Culture, and Chan’s (landmark dining and live music venue). Landmark Medical Center is under a mile away, contributing daily foot and vehicle traffic along the corridor. Approximately 2,000 SF of on-site paved parking supports customer and employee access.
Zoned MU-1 and identified as Flood Zone X, the property provides a compact, self-contained footprint with parking and rear vehicle access for back-of-house operations.
Located on North Main Street in Downtown Woonsocket, the building is positioned along an active commercial corridor. Nearby are the Stadium Theatre, the Museum of Work & Culture, and Chan’s (landmark dining and live music venue). Landmark Medical Center is under a mile away, contributing daily foot and vehicle traffic along the corridor. Approximately 2,000 SF of on-site paved parking supports customer and employee access.
Zoned MU-1 and identified as Flood Zone X, the property provides a compact, self-contained footprint with parking and rear vehicle access for back-of-house operations.
Key Highlights
- Freestanding commercial building on North Main Street in Downtown Woonsocket
- 816 SF interior with 10‑foot ceilings, concrete floors, private office and waiting room, and a full bathroom with shower
- Open working area with rear garage bay access
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
NOI $5,171 @ 7.0% cap · market cap 3.02%
Second Best
Flex RnD
$72.1K
$63.1K – $84.1K
NOI $5,045 @ 7.0% cap · market cap 2.95%
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 office, rear garage bay access, gas heat, and paved parking in Downtown Woonsocket.
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; 816 SF interior with 10‑foot ceilings, concrete floors, private office and waiting room, and a full bathroom with shower; Open working area with rear garage bay access
