295 Main St Woonsocket, RI 02895

This exceptional commercial property at 295 Main Street, Woonsocket, Rhode Island, offers a unique investment opportunity. The 17,264 square foot masonry building sits on a 0.64-acre lot and boasts a rich history, having served as the Woonsocket YMCA and, prior to that, the city's main post office until 1975. The property includes a notable 3,200 square foot pool, a finished 1,064 square foot second floor, and various spaces previously used for gym, aerobic, and fitness activities. The site comprises three parcels with convenient on-site parking accessed from Federal Street. A connecting walkway links this Main Street building to a separate building at 43 Federal Street, also available for purchase. Both properties can be acquired individually or as a package. The property is zoned C-1 (Urban Commercial District) with a Downtown Overlay District designation, allowing for a range of permitted uses. This presents an ideal opportunity for a similar health club use or creative adaptive reuse, capitalizing on the building's historical character and its advantageous location near amenities and transportation. Annual property taxes are $24,941.31. The asking price for this significant property is $875,000.