Property profile

339 Woonasquatucket Ave North Providence, RI 02911

FOR SALE
Industrial properties
Property ID
US76-0014832
4,696 SF 0.28 ac lot Built 1980
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional North Providence property, located at 339 Woonasquatucket Avenue, offers 3,726 square feet of versatile space on a 12,300 square foot lot. Built in 1980, the single-building structure is currently gutted, presenting a blank canvas for a wide range of commercial ventures. Zoned ML, it's approved for multiple uses, including automotive repair, religious services, recreational facilities, multi-family dwellings, offices, and light manufacturing. Detailed plans are available for the conversion into either six one-bedroom units or five two-bedroom units; the seller will even obtain necessary permits for the buyer. The building boasts ceiling heights ranging from 10 to 18 feet, providing ample space and flexibility. Ample parking is available in both the front and rear, accommodating approximately 12 to 15 vehicles. This property presents a unique opportunity to create a thriving business in a desirable location. Priced at $427,900, this is a must-see for savvy investors seeking high-return potential.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1980
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,696 SF
Lot 0.28 ac (12,362 SF)
Zoning code ML
APN NPRO M:11 L:252
UPID US76-0014832

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
  • (Bike/Boat/Book/etc) Store

Location

339 Woonasquatucket Ave North Providence, RI 02911
North Providence metro Census 12102 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2023
Last sale
$250,000
7 recorded transactions
2025
Price N/A
2025
Price N/A
2023
$250,000
2021
$183,000
2020
$221,000
2013
Price N/A
1998
$95,000

Zoning & alternative use

ML · North Providence, RI
Zoning description

(1) ML - Manufacturing Limited - this district is intended for light manufacturing uses that provide for manufacturing, assembly, storage and related activity on a smaller scale or lesser intensity and which also allows…

General category INDUSTRIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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