43 Federal St Woonsocket, RI 02895

Property Details for 43 Federal St

Lot size

0.47 lot acres

Property size

16,034 SF

Property type

Commercial real estate

Description

This exceptional Woonsocket, RI property at 43 Federal Street offers a unique investment opportunity. The 16,034 square foot, two and three-story brick building, situated on a 0.47-acre lot, presents significant potential for adaptive reuse or redevelopment. Previously used as school/classroom space by the YMCA, the property boasts exposed brick and historical character. Its C-1 zoning, coupled with a Downtown Overlay District designation, allows for a variety of uses, including residential, office, creative, loft, and live/work spaces. The property includes three parcels and features a rear basketball court/playground area with potential for conversion into on-site parking. A connecting catwalk to a neighboring property (also available for sale) adds further development possibilities. Annual property taxes are $20,375.87. This prime location offers convenient access to amenities and transportation. The property is ideal for investors seeking a versatile asset with substantial upside potential in a thriving urban setting. Consider the possibilities of this unique and historically significant building.

Location Insight

City

Woonsocket

County

Providence

State

Rhode Island

Longitude

-71.511744

Latitude

42.0045734

Property Visit Statistics

• Visits by month
  13.3k
• Visitors by month
  8.0k
• Avg Time on site
  10 min