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    OFF-MARKET
    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
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    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
    Zoning & alternative use
    MU1 · Woonsocket, RI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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