New Listing - 11/01/2024
0 Fourth Avenue, Woonsocket, RI, 02895
EASY APPROVALS & DEVELOPMENT OPPORTUNITY!!! Prime investment opportunity in the heart of Woonsocket! This vacant lot, currently utilized as a parking area, is ready for transformation into a lucrative 15-unit, 1-bedroom apartment or condominium complex. The lot is perfectly proportioned to accommodate 15 parking spaces, ensuring convenience for future residents. Located right next to the newly developed America First Luxury Apartments, which has already leased several of its 32 units at an impressive average rent of $2,100 per unit, this site presents a golden opportunity to tap into a proven and flourishing rental market. Capitalize on the neighboring developer's hard work and leverage this prime spot in an up-and-coming area. The surrounding community is thriving, with seamless access to major highways, including Route 146 and I-295, offering quick connections to both Providence, RI, and Worcester, MA, as well as the broader region. Woonsocket's proximity to the Massachusetts border makes it an ideal location for attracting tenants who work in both Rhode Island and Massachusetts. The area offers a variety of shopping, dining, and recreational options, making it an appealing choice for residents. Investors and developers seize this chance to build in a rapidly growing community with strong rental demand. This property is a blank canvas ready for your vision don't miss out on this exceptional development potential!
Status:
Active
Type:
Lot / Acreage
Frontage:
256
Subdivision:
America First - Fairmount
Acreage:
0.37
Est. Taxes:
$2,079
Assessment
$148,700
Utilities
Electricity Available,Fiber Optic Available,Natural Gas Available,Municipal Utilities,Phone Available,Water Connected
Lot Description:
Corner Lot,Paved,Level
Amenities:
Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Street Lights
MLS #:
1372065
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Engel & Volkers Phone: 401-638-0010