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    471 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 at 471 Arnold Street in Woonsocket, Rhode Island, presents a compelling investment opportunity. The property encompasses a substantial 26,572 square foot lot, offering significant development potential. Currently featuring a 1,215 square foot building constructed in 1950, this mixed-use site is zoned for a variety of commercial applications. Its strategic location on a large corner lot provides excellent visibility and accessibility. The property's versatility allows for diverse 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 building on the site presents a solid foundation for immediate use or redevelopment, making this an attractive proposition for investors seeking a high-return opportunity in a desirable Rhode Island location. The expansive lot size provides ample space for expansion or future development projects. This is a rare chance to acquire a substantial commercial property in a thriving area.

    Property Features for 471 Arnold St

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1950
    Buildings
    1
    Units
    1

    HighLights

    • Exceptional investment opportunity: 26,572 SF lot, $390,000 asking price.
    • 1,215 SF building (1950 construction), mixed‑use zoning.
    • High visibility corner lot in Woonsocket, RI (02895).
    • Versatile property suitable for office, storage, or service businesses.
    • Significant development potential on expansive lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mike's Auto Repair Brake 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 Woonsocket, RI.
    What is the asking price?
    The asking price for this property is $390,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: 26,572 SF lot, $390,000 asking price.; 1,215 SF building (1950 construction), mixed-use zoning.; High visibility corner lot in Woonsocket, RI (02895).
    Request Owner's contact information
    471 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 Woonsocket, RI 02895
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