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308 - 292 Nw East School Street Woonsocket

$1,795,000
160,000 sq ft

The Property

This is a portfolio sale comprising of two properties containing four buildings on approx. six acres. 105,000 SF of space is presently occupied and the projected N.O.I of 229K is based on the entire property being rented. This also factors in a 10% vacancy rate.

There have been substantial improvements made over the last five years and while more work remains to be completed, there will be a substantial upside to the cash flow upon completion. This property also features, lots of parking, front loading docks, high ceilings, open floor space and storage. It’s located near the highway and provides for easy access from routes 146, I495 & I295. It’s located in the Industrial zone, which is not only ideal for ecommerce but may be the ideal setting for the future Marijuana grow market. Please note that some numbers being reported are projected based on full occupancy.

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Listing Details

MLS Number

1295129

Lot Size:

3.63 acres

Features

  • Paved
  • Urban
  • Year Built: 1904

Market Trends for Commercial
in Woonsocket

  • Overview
    Homes for Sale Today2742.1% increase in inventory
    New on Market *8700% increase in new listings
    Avg. Asking Price/Sq.Ft. *$79.29$3 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$170,000$329,000 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *75.56%-24.4% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$47.49$47 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *218170 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Keller Williams Coastal

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