212 Main St Woonsocket, RI 02895-3140
- Investment properties
- 2,310 SF
- 0.05 lot acres
Current Use by Public Records
- Investment properties
Property Details for 212 Main St
- Year built
- 1930
- Construction
- FRAME
- Lot size
- 0.05 lot acres
- Property size
- 2,310 SF
- Zone code
- MU1
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- WOON M:13D L:49 U:11
- APU
- WOONM13DL49U11
Description
This exceptional commercial property at 212 N Main Street presents a unique investment opportunity. The 888 square foot space is situated on a 2,178 square foot lot with 20 feet of frontage, offering excellent visibility and accessibility for any business. Currently configured as a single-tenant unit, this versatile space is ideal for a variety of uses, including retail, salon/barbershop, or instructional fitness, as indicated by its MU1 zoning. The building is classified as Class B and boasts a prime location just one minute away from the Stadium Theatre, Lops Brewing, and Ciro's Tavern, ensuring high foot traffic and exposure to a vibrant community. The property's flexible layout allows for easy customization to suit specific business needs. While there are no on-site parking spaces, the convenient location offers easy access to public transportation and ample street parking. This is a rare chance to acquire a well-situated commercial property in a thriving area, perfect for entrepreneurs and established businesses alike. The single-suite building offers a manageable and efficient space for a variety of commercial ventures. This property is ready for immediate occupancy and presents a strong return on investment potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $565,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $405,000
- 6.5%
- $480,000
- 7%
- $420,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $390,000
- Geo Method
- $440,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $570,000
- Retail
- $425,000
- Mixed-Use
- $570,000
- Hospitality
- $460,000
- Educational
- $520,000
- Residential Income
- $520,000
- Energy
- $430,000
- Income-Based Land
- $495,000
- Food Service
- $460,000
Location Insight
- Map
- Local Demand
- City
- Woonsocket
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.5143
- Latitude
- 42.0084
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA