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Property profile & analytics
OFF-MARKET Estimated value $365,000
Investment properties

69 Main St Woonsocket, RI 02895-3190

2,108 SF 0.08 ac lot Built 1945
Individually Owned 5-yr Hold Free & Clear
Property ID
US76-0402972
Property summary
AI-generated overview

This exceptional mixed-use property at 69 North Main Street in Woonsocket, Rhode Island presents a fantastic investment opportunity. Situated on a 0.08-acre lot, the 2,108 square foot building enjoys a highly desirable location, adjacent to a vibrant downtown area brimming with restaurants, the Stadium Theatre, breweries, the Polar Express Train, museums, and parks. The property's income stream is currently generated by a mix of commercial and residential tenants. A commercial storefront unit, currently operating as a convenience store, is leased on a month-to-month basis, offering flexibility for future use. In addition, two residential units contribute to the property's revenue. One unit is a studio apartment, while the other is a four-bedroom unit, both also leased month-to-month. This provides immediate cash flow and the potential for increased rental income through longer-term leases or market-rate adjustments. The property's prime location and diverse income streams make it an attractive investment for both seasoned and emerging investors seeking a strong return on investment in a thriving urban setting. The building's versatile configuration allows for a variety of future development possibilities, catering to the needs of a dynamic and growing community. This is a rare opportunity to acquire a well-situated, income-producing property in a highly sought-after area of Woonsocket. The asking price is $399,000.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1945
Construction FRAME
Total area 2,108 SF
Lot 0.08 ac (3,619 SF)
Zoning code MU1
APN WOON M:13C L:94 U:5
UPID US76-0402972
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
  • Clarks Convenience Grocery & Convenience Store
  • North main wireless Electronics & Wireless Store Mobile Phone Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$490k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k
Owner & transaction history
Kevin Smith · 5 yrs held
Kevin Smith
since 2021
Last sale
$350,000
3 recorded transactions
2021
$350,000
2019
$276,000
2017
Price N/A
Zoning & alternative use
MU1 · Woonsocket, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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