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Property profile & analytics
OFF-MARKET
Showrooms

471 Arnold St Woonsocket, RI 02895-2945

1,215 SF 0.61 ac lot Built 1950
Individually Owned 1-yr Hold Free & Clear
Property ID
US76-0056925
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mike's Auto Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Melissa Janikies · 1 yrs held
Melissa Janikies
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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