342 Park Ave Woonsocket, RI 02895
Property profile & analytics
Location Intelligence
Current Use by Public Records
- World Insurance Associates LLC / Insurance Agency
Property Details for 342 Park Ave
- Year built
- 1989
- Property type
- Office Spaces
- Property subtype
- Land
Description
This exceptional commercial property, located at 342 Park Avenue in Woonsocket, Rhode Island, presents a compelling investment opportunity. The three-story, 5,052 square foot office building, constructed in 1989, sits on a substantial 22,647 square foot lot. The building boasts a prime location on a main thoroughfare, providing excellent visibility and convenient highway access. Ample parking is available, facilitated by two curb cuts. The middle and upper levels are currently leased to World Insurance Agency through December 31, 2025, ensuring a stable income stream. The ground floor is vacant and ready for immediate occupancy. Extensive renovations have been completed over the past six years, resulting in excellent condition throughout. Recent upgrades include AC unit replacements (five years ago) and air duct cleaning (March 2024). Modern security features include a central station fire alarm and security cameras. This property offers a blend of immediate income potential and future expansion possibilities, making it an attractive investment for both seasoned investors and growing businesses. The brick building's well-maintained exterior adds to its curb appeal and overall value. The property's zip code is 02895. This is a rare opportunity to acquire a well-located, updated commercial property in a thriving Rhode Island community.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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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
- -71.5106
- Latitude
- 41.9978
