Woonsocket Office Building For
352 Park Avenue Woonsocket Woonsocket, RI 02895
352 Park Avenue Woonsocket, Woonsocket, RI, 02895
$850,000
For Sale
$850,000
Well-maintained, three-level office building with on-site parking.
Property Size5,052 SF
Price / SF$168.25
Days on Market67
Property Features for 352 Park Avenue Woonsocket
General Information
- Standard status
- Active
- Size
- 5,052 SF
Building Details
- Year Built
- 1989
Listing Agency
(508) 501-1443
Listed by
Leanne McCormick
(508) 501-1443
Source
Milestonerealtyinc
Added: May 16 Updated: Jul 10 at 1:42 pm Checked: Jul 19 at 2:46 am
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 Leanne McCormick
Investment Insights
Based on property information with market context.
This well-maintained brick commercial building, constructed in 1989, offers approximately 5,052 square feet of gross building area. The building features three levels and ample on-site parking. Updates have been completed within the last 7 to 8 years, and the central air conditioning unit is 6 years old. This property presents an opportunity for either full occupancy or leasing for income generation. It is suitable for business expansion.
Key Highlights
- Well‑maintained brick commercial building with approximately 5,052 sf of gross building area.
- Opportunity to occupy the entire building or lease for income generation.
- Updated within the past 7 to 8 years.
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 | $101.2k | $20.04 |
| − Vacancy | −$14.2k | −$2.81 |
| EGI | $87.1k | $17.23 |
| − OpEx | −$21.8k | −$4.31 |
| NOI | $65.3k | $12.93 |
5,052 SF · lease $20.04/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$932.9K
$816.3K – $1.09M
NOI $65,301 @ 7.0% cap · market cap 7.68%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,118 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Well-maintained, three-level office building with on-site parking.
Where is this office building located?
The property is located at 352 Park Avenue Woonsocket Woonsocket, RI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Well‑maintained brick commercial building with approximately 5,052 sf of gross building area.; Opportunity to occupy the entire building or lease for income generation.; Updated within the past 7 to 8 years.
