Freestanding Flex Commercial
For Sale
$171,000
230 North Main Street, Woonsocket, RI 02895
Freestanding building offers 10-foot ceilings, concrete floors, office and bathroom, plus rear garage bay access.
Property Size816 SF
Price / SF$209.56
Days on Market45
Property Features for 230 North Main Street
General Information
Standard status
Active
Size
816 SF
Property subtype
Commercial
Zoning
MU-1
Additional Details
Clear Height
10 ft
Building Details
Year Built
1922
Listing Agency:
Engel & Volkers Oceanside
(401) 244-8355
Listed By:
The DiSpirito Team
(401) 244-8355
Source:
Liongatere
Added: Jun 19
Changed: Jul 21
Last Checked: Aug 1 at 12:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Engel & Volkers Oceanside
Investment Insights
Based on property information with market context.
Freestanding commercial flex/industrial building on North Main Street in Downtown Woonsocket, built in 1922. The interior includes a private office and waiting room at the front, an open working area, and a full bathroom with shower. Rear of the building provides garage bay access, and the property is served by gas heat. Concrete floors and approximately 10-foot ceilings support a practical setup for a variety of light commercial uses. On-site paved parking is available, totaling approximately 2,000 SF.
The building is located on one of Woonsocket’s most active commercial corridors, surrounded by Downtown that has seen consistent investment. Nearby points of interest include the Stadium Theatre, the Museum of Work & Culture, and Chan’s, with Landmark Medical Center under a mile away. Providence is 13 miles south and Boston is 40 miles north, supporting the area as a regional service hub. The property is located in Flood Zone X and is zoned MU-1.
The building is located on one of Woonsocket’s most active commercial corridors, surrounded by Downtown that has seen consistent investment. Nearby points of interest include the Stadium Theatre, the Museum of Work & Culture, and Chan’s, with Landmark Medical Center under a mile away. Providence is 13 miles south and Boston is 40 miles north, supporting the area as a regional service hub. The property is located in Flood Zone X and is zoned MU-1.
Key Highlights
- Freestanding commercial building on North Main Street in Downtown Woonsocket, built in 1922
- 816 SF interior with 10‑foot ceilings and concrete floors, plus a private office and waiting room
- Open working area with rear garage bay access and a full bathroom with shower
Financial Insights For Flex RnD
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 | $8.1k | $9.96 |
| − Vacancy | −$366 | −$0.45 |
| EGI | $7.8k | $9.51 |
| − OpEx | −$2.7k | −$3.33 |
| NOI | $5.0k | $6.18 |
816 SF · lease $9.96/SF/yr · vacancy 4.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$72.1K
$63.1K – $84.1K
NOI $5,045 @ 7.0% cap · market cap 2.95%
Second Best
Industrial
$60.8K
$53.2K – $71.0K
NOI $4,258 @ 7.0% cap · market cap 2.49%
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 authorities.
Property Analytics
Current Use
Lease Details
10 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,227
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02895, RI
43,269
Population
19,443
Households
2.2
Avg Household Size
38
Median Age
19%
College-Educated
82%
High-School Grad
7.8 sq mi
ZIP Area
5,547
Density / Sq Mi
$58,579
Median Household Income
$40,929
Median Earnings
$1,116
Median Rent
$267,900
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding building offers 10-foot ceilings, concrete floors, office and bathroom, plus 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: Freestanding commercial building on North Main Street in Downtown Woonsocket, built in 1922; 816 SF interior with 10‑foot ceilings and concrete floors, plus a private office and waiting room; Open working area with rear garage bay access and a full bathroom with shower
