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    Freestanding Commercial Building with Garage Bay Title is generated by Realmo AI

    230 North Main Street, Woonsocket, RI 02895

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    Claim this Listing
    New
    For Sale
    $171,000

    Commercial Sale, Other - Woonsocket, RI

    Type:Mixed Use
    Property size:
    816 SF
    Lot size:
    3,920.00 Acres
    Price / SF:
    $209/SF
    Added:
    Jun 19, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 22 at 10:06 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

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    Listing Contact
    The DiSpirito Team

    Listing agent The DiSpirito Team

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

    Listing date Jun 19, 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.

    HighLights

    • Freestanding commercial building in Downtown Woonsocket on North Main Street
    • 816 SF interior with 10‑foot ceilings, concrete floors, and gas forced‑air heat
    • Layout includes private office and waiting room, open working area, rear garage bay access, and full bathroom with shower
    • Zoned MU‑1 and built in 1922
    • Includes approximately 2,000 SF of on‑site paved parking
    • Flood Zone X

    Overview

    This freestanding commercial building offers a practical mix of front office space and rear service access. The layout includes a private office and waiting room at the front, with an open working area toward the rear. The rear provides garage-bay access, supported by concrete floors and 10-foot ceilings. A full bathroom with shower is included, and the building is heated by gas.

    Located on North Main Street in Downtown Woonsocket, the property sits amid active commercial uses. The nearby Stadium Theatre, Museum of Work & Culture, and Chan’s are listed in the immediate area, and Landmark Medical Center is under a mile away along this corridor. The building also has approximately 2,000 SF of on-site paved parking. Built in 1922, it is zoned MU-1 and is in Flood Zone X.

    With its office and waiting room configuration alongside garage-bay access, the space can work well for small service, repair, or distribution-oriented operations that need both customer-facing areas and straightforward rear loading access. The on-site paved parking supports day-to-day staff and customer visits, while the central Downtown setting and proximity to Landmark Medical Center add convenience for regular traffic from the surrounding area.

    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 (±1% cap)
    NOI $10,547 @ 7.0% cap · market cap 6.17%
    Second Best
    Warehouse
    $73.9K
    $64.6K – $86.2K (±1% cap)
    NOI $5,171 @ 7.0% cap · market cap 3.02%
    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 Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Similar Places 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

    Location Insight

    • Map
    • Local Demand
    City
    Woonsocket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.514283
    Latitude
    42.008547

    FAQs

    What type of property is this?
    Flex space - Freestanding building with front office areas, rear garage-bay access, and on-site paved parking in a MU-1 zone.
    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 in Downtown Woonsocket on North Main Street; 816 SF interior with 10‑foot ceilings, concrete floors, and gas forced‑air heat; Layout includes private office and waiting room, open working area, rear garage bay access, and full bathroom with shower
    More about this property
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