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    324 4Th Ave Woonsocket, RI 02895

    Sponsored
    For Sale
    $650,000

    Prime 7,742 SF lot, build your vision.

    Property size:
    3,852 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7,742 square foot commercial and residential land parcel presents a remarkable opportunity for development in the vibrant city of Woonsocket, Rhode Island. Located at 324 Fourth Avenue, this property boasts a substantial lot size, offering ample space for a variety of construction projects. The land is zoned for both commercial and residential use, providing flexibility for diverse development plans. Built in 1937, the existing structure on the property is a single building with a total square footage of 3,852 square feet. While currently listed as having zero units, the marketing materials indicate a potential for multi-unit development, suggesting the possibility of creating a substantial rental income stream. The property's location in Woonsocket, Providence County, Rhode Island, offers convenient access to local amenities, transportation routes, and a thriving community. The asking price for this unique property is $650,000, representing a compelling investment opportunity for those seeking to expand their portfolio or embark on a new development venture. The property's history and existing structure provide a solid foundation for future growth and potential. This is a rare chance to acquire a significant piece of land in a desirable location, ready for your vision to take shape. The property's address is 324 Fourth Avenue, Woonsocket, RI 02895.

    Property Features for 324 4Th Ave

    General Information

    Property type
    Land
    Square Feet
    3,852 SF

    Building Details

    Year Built
    1937
    Buildings
    1

    HighLights

    • $650,000 asking price.
    • 3,852 square foot lot.
    • Located at 324 Fourth Avenue, Woonsocket, RI 02895.
    • 7,742 square foot lot size.
    • 1937 construction.
    • One building on the property.
    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 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
    -71.5294365
    Latitude
    42.0025507

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    FAQs

    What type of property is this?
    Land - Prime 7,742 SF lot, build your vision.
    Where is this land located?
    The property is located at 324 4Th Ave Woonsocket, RI.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: $650,000 asking price.; 3,852 square foot lot.; Located at 324 Fourth Avenue, Woonsocket, RI 02895.
    Request Owner's contact information
    324 4Th Ave 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
    324 4Th Ave Woonsocket, RI 02895
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