Property profile

1265 Mendon Rd Woonsocket, RI 02895

OFF-MARKET
Industrial properties
Property ID
US76-0018117
83,910 SF 3.8 ac lot Built 1900
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4.69-acre commercial land parcel, strategically located at the corner of Mendon Road and Aylsworth Avenue in Woonsocket, Rhode Island, presents a unique build-to-suit or joint venture opportunity. Boasting high visibility with over 11,000 vehicles passing daily, this site benefits from convenient access to major roadways including Interstate 95, 295, and Route 146, providing easy access to neighboring Massachusetts towns such as Wrentham, Franklin, Blackstone, and Bellingham. The property offers significant frontage on Mendon Road (753 feet) and includes 1000 parking spaces. Utilities are readily available, including water, sewer, natural gas, and high-capacity electrical power. The MU-2 zoning allows for a wide range of development possibilities, including but not limited to: car washes, supermarkets, retail spaces, laundromats, breweries, restaurants, entertainment venues, fuel stations, auto sales and repair facilities, warehouses, trucking terminals, veterinary clinics, light manufacturing, and medical uses. The site is also well-suited for contractor bays and solar installations. Prominent signage opportunities along Mendon Road further enhance the property's marketing potential. The property can be subdivided into smaller parcels to accommodate various development needs. This is an unparalleled chance to establish a thriving business in a high-traffic location with excellent infrastructure and diverse development options. Bring your vision and create a landmark destination.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 83,910 SF
Lot 3.8 ac (165,704 SF)
Zoning code MU2
APN WOON M:49B L:6 U:1
UPID US76-0018117

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store
  • Bank Credit Union

Location

1265 Mendon Rd Woonsocket, RI 02895-3964
Woonsocket metro Census 18500 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$260k

Owner & transaction history

since 2023
Last sale
$240,000
7 recorded transactions
2023
$240,000
2021
$467,375
2016
$98,000
2010
Price N/A
2006
$500,000
2005
$200,000
2005
$200,000

Zoning & alternative use

MU2 · Woonsocket, RI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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