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Entitled Residential Development Opportunity
For Sale
$479,900
Pending

256 Privilege, Woonsocket, RI 02895

Fully entitled 12-unit residential townhouse development opportunity in Woonsocket, RI.

Property SizeContact for details
Lot Size1.11 Acres
Days on Market191

Property Features for 256 Privilege

General Information

Standard status Pending
Lot size 1.11 Acres
Property subtype Land or Vacant Lot

Taxes and HOA fees

Annual Taxes $2,562

Amenities

Level
Listing Agency: ENGEL & VOLKERS OCEANSIDE
Listed By: THE DISPIRITO TEAM
Source: Corcoran
Added: Feb 10 Changed: Aug 8 Last Checked: Aug 8 at 4:46AM

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.

This is an exceptional opportunity to acquire a fully entitled residential development in Woonsocket, RI. The Mill River Townhouses project, located at 256 Privilege Street, is zoned R-4 High Density Residential. Municipal and regulatory groundwork is already complete for this project, which was previously approved for a 12-unit residential townhouse development. The plan includes parking, utilities, and engineered stormwater infrastructure. The City issued Final Plan Approval and Findings of Fact confirming zoning compliance, no significant environmental impacts, and adequate municipal water and sewer capacity. The development also received dimensional variance approval from the Woonsocket Zoning Board of Review for the full 12-unit scope. RIDEM Freshwater Wetlands Permit approval is secured, including authorization for stormwater discharge under the RIPDES Construction General Permit, with stamped plans and defined terms in place. Supporting municipal reviews include DPW utility sign-off for drainage acceptability and Water Division requirements for hydrant placement, backflow devices, and meter compatibility. The previously approved plan set identifies Mill River Townhouses as Assessor's Map 21, Lot 214. This offering provides a major head start for a qualified builder or investor seeking a high-density infill project with entitlements substantially complete. A full development package is available upon request.

Key Highlights

  • Fully entitled for a 12‑unit residential townhouse development, reducing timelines and costs.
  • Final Plan Approval confirms zoning compliance and adequate municipal capacity.
  • RIDEM Freshwater Wetlands Permit secured, including stormwater discharge authorization.

Property Analytics

Current Use

Home Coal Co ... Construction Company

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Parking Lot & Garage Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,049
Businesses Nearby

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Fully entitled 12-unit residential townhouse development opportunity in Woonsocket, RI.
Where is this residential land & home lot located?
The property is located at 256 Privilege Woonsocket, RI.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Fully entitled for a 12‑unit residential townhouse development, reducing timelines and costs.; Final Plan Approval confirms zoning compliance and adequate municipal capacity.; RIDEM Freshwater Wetlands Permit secured, including stormwater discharge authorization.
More about this property
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