162 Main St Main St Woonsocket, RI 02895
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 162 Main St Main St
- Year built
- 1930
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional mixed-use property at 162 Main Street in Woonsocket, Rhode Island, presents a compelling redevelopment opportunity. Located directly across from City Hall, this 23,087 square foot lot boasts a 1930s-era building with significant potential. Currently configured as a hotel, the property offers countless possibilities for adaptive reuse. A completed Phase 1 environmental assessment ensures a clean slate for future development. Preliminary plans are in place for the construction of 40+ residential units, capitalizing on the high demand for housing in the area. The property also includes a substantial off-street parking lot with capacity for 40+ vehicles, a significant advantage in a densely populated urban setting. The asking price for this unique investment is $800,000. This prime location, coupled with the existing infrastructure and preliminary plans, makes this a truly exceptional opportunity for developers seeking a high-impact project in a thriving Rhode Island community. The property consists of one building and is zoned for mixed-use development, including hospitality, office, and retail uses. This presents a rare chance to reshape a key piece of Woonsocket's Main Street landscape.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Woonsocket
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.514
- Latitude
- 42.0028
