292 Main St Woonsocket, RI 02895

This exceptional 8,276 square foot commercial and residential land parcel presents a remarkable investment opportunity in Woonsocket, Rhode Island. Located at 292 Main Street, this property boasts a prime location and significant potential. The land, encompassing a substantial lot size, offers the unique possibility of developing or expanding existing structures. Currently improved with a two-story building constructed in 1849, containing one unit, the property generates a current annual income of $9,250. However, the existing structure's potential for increased revenue is significant, presenting a clear path for enhancing profitability. The property also includes a sizable parking area capable of accommodating up to ten vehicles, a valuable asset for tenants and future development plans. The asking price for this property is $829,000, and a fast closing is preferred. This is a first-come, first-served opportunity to acquire a highly desirable property in a thriving Rhode Island location. The property's zoning allows for both commercial and residential uses, providing flexibility for a wide range of development possibilities. This is an ideal investment for those seeking to build or expand their portfolio with a property offering immediate income and substantial upside potential. The property is situated in Providence County, Rhode Island, with a zip code of 02895.