Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    356 Clinton St Woonsocket, RI 02895

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    356 Clinton St Woonsocket, RI 02895

    View on Map
    • Grocery and convenience stores
    • 31,124 SF
    • 2.65 lot acres
    For Sale
    $3,250,000
    View Listing →
    Freestanding Multi-Use Building For Sale For Sale
    $3,250,000
    31,124 SF

    Freestanding Multi-Use Building For Sale

    31,124 SF building suitable for office, retail, or medical use.

    356 Clinton Street, Woonsocket, RI 2895
    View Listing
    Property ID
    US76-0164455
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CVS Health Enterprise Digital / Corporate Office
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 356 Clinton St

    Year built
    1960
    Lot size
    2.65 lot acres
    Property size
    31,124 SF
    Property type
    Grocery and convenience stores
    Property subtype
    Medical Office Space

    Description

    This exceptional 31,124-square-foot commercial property, located at 356 Clinton Street in Woonsocket, Rhode Island, presents a unique investment opportunity. Situated on a 2.65-acre lot in Providence County (zip code 02895), this single-story, Class B building boasts ample parking with 125 spaces. Originally constructed in 1960, the property underwent significant renovations in 2016, including new roofs and HVAC systems. The building's recent use as a CVS call center demonstrates its adaptability and potential for various commercial applications. The property is zoned for both retail and medical office uses, offering flexibility for a wide range of businesses. With a net rentable area of 31,124 square feet, the building provides substantial space for expansion or multi-tenant occupancy. The asking price is $3,250,000, and the occupancy date is October 22, 2024. This property is ideal for investors seeking a versatile and well-maintained commercial space in a desirable Rhode Island location. The property's size, parking availability, and recent renovations make it an attractive proposition for a variety of businesses. Its location in Woonsocket offers access to a strong local market and convenient transportation links. Don't miss this chance to acquire a valuable asset with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Woonsocket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.5081383
    Latitude
    42.0066263

    Comparable in this City

    • $3,250,000
      31,124 SF

      Freestanding Multi-Use Building For Sale

      31,124 SF building suitable for office, retail, or medical use.
      356 Clinton St, Woonsocket, RI 02895
      View Details
    • $3,250,000

      Freestanding Multi-Use Building For Sale

      31,124 SF building suitable for office, retail, or medical use.
      356 Clinton St, Woonsocket, RI 02895
      View Details
    • Contact for pricing
      8,750 SF

      Woonsocket Commercial Corner Location

      Signalized corner location with high visibility and flexible space.
      1081 2Nd Ave, Woonsocket, RI 02895
      View Details
    • $555,000

      Spacious Mixed-Use Property For Sale

      4,500 SF mixed-use property with modern amenities and ample parking.
      58 Hamlet Ave, Woonsocket, RI 02895
      View Details
    • $555,000
      0.30 Acres

      Spacious Retail Property in Woonsocket

      4,500 SF retail property with modern amenities and ample parking.
      58 Hamlet Ave, Woonsocket, RI 02895
      View Details
    • Contact for pricing
      0.03 Acres

      Downtown Retail Space Available

      Highly visible retail space in historic downtown Woonsocket.
      106 Main St, Woonsocket, RI 02895
      View Details

    Similar Nearby for Sale

    • $3,250,000
      31,124 SF

      Freestanding Multi-Use Building For Sale

      31,124 SF building suitable for office, retail, or medical use.
      356 Clinton St, Woonsocket, RI 02895
      View Details
    • $3,250,000

      Freestanding Multi-Use Building For Sale

      31,124 SF building suitable for office, retail, or medical use.
      356 Clinton St, Woonsocket, RI 02895
      View Details
    • $555,000

      Spacious Mixed-Use Property For Sale

      4,500 SF mixed-use property with modern amenities and ample parking.
      58 Hamlet Ave, Woonsocket, RI 02895
      View Details
    • Contact for pricing
      3,308 SF

      Office Building with Large Garage

      Office building with a large garage and expansion potential.
      188 Willow St, Woonsocket, RI 02895
      View Details
    • $555,000
      0.30 Acres

      Spacious Retail Property in Woonsocket

      4,500 SF retail property with modern amenities and ample parking.
      58 Hamlet Ave, Woonsocket, RI 02895
      View Details
    • Contact for pricing
      0.03 Acres

      Downtown Retail Space Available

      Highly visible retail space in historic downtown Woonsocket.
      106 Main St, Woonsocket, RI 02895
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Land Lease Opportunity

      Land lease opportunity with high visibility and development potential.
      1265 Mendon Rd, Woonsocket, RI 02895
      View Details
    • Contact for pricing
      1,500 SF

      Diamond Hill Road Retail Space

      1500 sq ft commercial space with drive-thru on Diamond Hill.
      1551 Diamond Hill Rd, Woonsocket, RI 02895
      View Details
    • Contact for pricing
      10,717 SF

      Downtown Woonsocket Office/Retail Space

      Office/retail space in downtown Woonsocket with ample parking.
      1 Social St, Woonsocket, RI 02895
      View Details
    • $16 SF/Yr

      Millrace District Commercial Spaces

      Commercial spaces for rent in the Millrace District.
      15 Island Pl, Woonsocket, RI 02895
      View Details
    • Contact for pricing

      Cornerstone Building: Retail & Office

      Professionally managed 10-story building with retail and office spaces.
      191 Social St, Woonsocket, RI 02895
      View Details
    • Contact for pricing
      8,267 SF

      Millrace District Commercial Spaces

      Commercial spaces for rent in the Millrace District.
      68 South Main St, Woonsocket, RI 02895
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    356 Clinton St
    Woonsocket, RI 02895
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!