Price Reduced 8.40%
0 4th Ave, Woonsocket, RI, 02895
EASY APPROVALS - PRIME INVESTMENT & DEVELOPMENT OPPORTUNITY!!! In the heart of Woonsocket, this vacant lot, currently utilized as half of a parking area, is ready for transformation into a 15-unit, 1-bedroom apartment or condominium complex. This lot is proportioned to accommodate 15 parking spaces, ensuring convenience for future residents. Located right next to the newly developed America First Luxury Apartments with an impressive avg rent of $2,100 per unit. The surrounding community is thriving, with access to major highways, incl Route 146 and I-295, offering quick connections to both Providence, RI & Worcester, MA. Woonsocket’s proximity to the MA border makes it an ideal location for attracting tenants who work in both RI and MA. The area offers a variety of shopping, dining & recreational options, making it an ideal choice for residents. Seize this chance to build in a rapidly growing community with strong rental demand. This property is a blank canvas ready for your vision!
Status:
Active
Type:
Lot / Acreage
Zoning:
R4
Frontage:
256.00
Acreage:
0.37
Est. Taxes:
$2,162
Assessment
$148,700
Lot Description:
Corner Lot, Cleared, Gentle Sloping, Sidewalks
Amenities:
Public Transportation, Shopping, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, Sidewalks
MLS #:
73308761
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Emilio Dispirito, Engel & Volkers East Greenwich