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    463 Main St Woonsocket, RI 02895

    Sponsored
    For Sale
    $850,000

    Established Funeral Home, 8,428 sq ft

    Property size:
    8,428 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional three-story funeral home, located at 463 South Main Street in Woonsocket, Rhode Island, presents a unique investment opportunity. The property boasts a substantial 8,428 square feet of building space situated on a generous 37,026 square foot lot. The building features multiple service rooms, a dedicated office area, and a well-equipped preparation room with ample storage in the basement. Adding to its versatility, the upper levels include a residential apartment, providing additional income potential or comfortable living quarters. The property also offers convenient parking with 35+ lined spaces and a two-car garage. Its strategic location provides easy access to Route 146 and the Massachusetts state line, ensuring high visibility and convenient access for clients. The property is zoned R-3 (Residential), offering flexibility for future development or continued operation as a funeral home. Priced at $850,000, this property represents a compelling investment in a well-established business and prime real estate in Providence County.

    Property Features for 463 Main St

    General Information

    Property type
    Specialty properties
    Square Feet
    8,428 SF

    Building Details

    Buildings
    1
    Stories
    3

    HighLights

    • Exceptional three‑story funeral home totaling 8,428 square feet on a 37,026 square foot lot.
    • Features multiple service rooms, offices, a preparation room, and ample basement storage.
    • Includes a residential apartment offering additional income potential.
    • Offers 35+ parking spaces and a two‑car garage.
    • Conveniently located near Route 146 and the Massachusetts border, with R‑3 zoning.
    • Priced at $850,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Woonsocket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.525547186341
    Latitude
    41.993843512972

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    FAQs

    What type of property is this?
    Specialty property - Established Funeral Home, 8,428 sq ft
    Where is this specialty property located?
    The property is located at 463 Main St 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: Exceptional three-story funeral home totaling 8,428 square feet on a 37,026 square foot lot.; Features multiple service rooms, offices, a preparation room, and ample basement storage.; Includes a residential apartment offering additional income potential.
    (401) 331-9300
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    463 Main 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
    463 Main St Woonsocket, RI 02895
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