Property profile

471 Arnold St Woonsocket, RI 02895

OFF-MARKET
Showrooms
Property ID
US76-0056925
1,215 SF 0.61 ac lot Built 1950
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 471 Arnold Street in Woonsocket, Rhode Island, presents a compelling investment opportunity. The building encompasses 1,215 square feet and sits on a sizable 0.65-acre lot, offering significant versatility. Its prominent corner lot location provides excellent visibility and accessibility. The existing structure presents a blank canvas for a variety of commercial uses. Imagine transforming this space into modern office suites, a secure storage facility, or even a thriving automotive service center. The substantial lot size allows for ample parking and potential expansion. The property's location within Woonsocket offers convenient access to major transportation routes and a diverse local market. This is an ideal opportunity for an investor seeking a high-return property with significant upside potential. The asking price of $389,900 reflects the property's strong value proposition and the potential for substantial future appreciation. The size of the lot and the building's adaptable nature make this a truly unique investment opportunity in a desirable Rhode Island location. Don't miss the chance to acquire this versatile commercial property and capitalize on its considerable potential. Serious inquiries are encouraged.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1950
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,215 SF
Lot 0.61 ac (26,720 SF)
Zoning code R4
APN WOON M:13F L:35 U:27
UPID US76-0056925

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
  • Auto Repair Shop

Location

471 Arnold St Woonsocket, RI 02895-2945
Woonsocket metro Census 18000 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2024
Last sale
$325,000
7 recorded transactions
2024
$400,000
2023
$325,000
2023
Price N/A
2018
$75,000
2018
$60,000
2018
Price N/A
2017
$130,000

Zoning & alternative use

R4 · Woonsocket, RI

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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