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    471 Arnold St Arnold St Woonsocket, RI 02895

    Sponsored
    For Sale
    $390,000

    Prime RI location, high potential. Large lot, existing building.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property presents a compelling investment opportunity in Woonsocket, Rhode Island. Located at 471 Arnold Street, this mixed-use offering encompasses a substantial 26,572 square foot lot, providing ample space for diverse development possibilities. The property includes a 1,215 square foot building constructed in 1950, offering immediate utility or potential for renovation. Its strategic corner lot placement ensures high visibility and accessibility. The property's zoning allows for a variety of uses, including office space, storage facilities, or even a service-oriented business such as an auto repair shop. The asking price is $390,000. This property is situated in Providence County, Rhode Island, with the zip code 02895. The single-unit building presents a blank canvas for creative entrepreneurs or savvy investors seeking to capitalize on the property's significant potential. The substantial lot size and prime location make this a rare find in the Woonsocket market. This is an ideal opportunity to acquire a versatile commercial property with significant upside potential. Don't miss this chance to secure a valuable asset in a thriving Rhode Island community.

    Property Features for 471 Arnold St Arnold St

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1950
    Buildings
    1
    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Woonsocket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.5160251
    Latitude
    42.0063844

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    FAQs

    What type of property is this?
    Retail property - Prime RI location, high potential. Large lot, existing building.
    Where is this retail property located?
    The property is located at 471 Arnold St Arnold St Woonsocket, RI.
    What is the asking price?
    The asking price for this property is $390,000.
    Request Owner's contact information
    471 Arnold St Arnold St Woonsocket, RI 02895
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    Woonsocket, RI 02895
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    471 Arnold St Arnold St Woonsocket, RI 02895
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