Woonsocket Office Building For
For Sale
$749,900
352 Park Avenue Woonsocket, Woonsocket, RI 02895
Well-maintained, three-level office building with on-site parking.
Property Size5,052 SF
Price / SF$148.44
Days on Market163
Property Features for 352 Park Avenue Woonsocket
General Information
Standard status
Active
Size
5,052 SF
Total Parking Spaces
25
Taxes and HOA fees
Annual Taxes
$8,712
Building Details
Building Size
5,052 SF
Year Built
1989
Buildings
1
Listing Agency:
Milestone Realty, Inc
Listed By:
Leanne McCormick
(774) 309-3101
Source:
Milestonerealtyinc
Added: May 16
Changed: Oct 7
Last Checked: Oct 7 at 9:23AM
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 Milestone Realty, Inc
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,301
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,306,020
$1.3M
Cap Rate 7%
$932,871
$932.9K
Cap Rate 9%
$725,567
$725.6K
Market Conditions
NOI Build-Up for 5,052 SF
Gross rent
$101.2K $20.04/SF
− Vacancy
−$14.2K −$2.81/SF
EGI
$87.1K $17.23/SF
− OpEx
−$21.8K −$4.31/SF
NOI
$65.3K $12.93/SF
Area
Providence County, RI
Vacancy
14.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,306,020
Cap Rate 7%
$932,871
Cap Rate 9%
$725,567
Alternative Uses
Best Use
Office B
$932.9K
$816.3K – $1.09M
NOI $65,301 @ 7.0% cap · market cap 8.71%
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 11.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
689
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
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 $749,900.
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.
