Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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