210 Main St Woonsocket, RI 02895

Property Details for 210 Main St

Year built

1930

Lot size

0.05 lot acres

Property size

3,003 SF

Property type

Retail properties

Property subtype

Office Properties & Spaces

Description

This exceptional mixed-use property, located at 210-212 North Main Street in Woonsocket, Rhode Island, presents a compelling investment opportunity. The 3-story, 3,003 square foot building, constructed in 1930 and situated on a 0.05-acre lot (APN: WO C3-13-49), is currently operating at 100% occupancy, generating a strong net operating income (NOI) of $53,131 and an 8.93% cap rate. The asking price is $525,000, representing a price per unit of $148,750. The property features four units: a custom master office/retail suite (Unit 1) with a private office, half bath, and kitchenette plumbing; a fully renovated Unit 2f boasting modern amenities, including custom sliding pocket doors, granite countertops, LVT flooring, and new stainless-steel appliances; a renovated Unit 2r with granite countertops and LVT flooring; and a renovated Unit 3 featuring a new natural gas wall heater and supplemental electric baseboard heaters. Significant recent renovations include a new roof (with a 12-year warranty), a new exterior staircase, and updated heating and cooling systems throughout. The property is zoned MU1 and offers easy access to major metropolitan areas, making it attractive to both tenants and investors. This turnkey property is ideal for those seeking a diversified portfolio or a thriving business location within a revitalizing community. The property's strong financial performance and recent renovations make it a rare find in the current market.

Location Insight

City

Woonsocket

County

Providence

State

Rhode Island

Longitude

-71.5143

Latitude

42.0085