413 Manville Road Woonsocket

$1,490,000
273,992 sq ft

The Property

100+ unit development potential in northern Rhode Island. 413 Manville Road in Woonsocket, RI offers 6.29 acres zoned R4, with preliminary engineering completed by a reputable local firm indicating the potential for a 100+ unit residential development, subject to approvals and buyer due diligence. For developers seeking an alternate lower-density concept, preliminary plans have also been prepared for an approximately 48 to 52-unit condominium community, offering flexibility in density, unit mix, design, and overall project direction. The site offers flexibility for multiple exit strategies, including a for-sale condominium development or a build-to-rent community designed for long-term rental income.

Woonsocket currently has limited to no active new-construction condominium inventory, creating a rare opportunity to introduce new product into an undersupplied market with demand from both Rhode Island and nearby Massachusetts buyers. Located minutes from Routes 146, 99, and I-295, the property offers strong commuter access and is positioned near continued residential growth and new-construction activity. Development package, preliminary engineering, conceptual plans, market data, and projected pricing guidance are available upon request. Conceptual plans only; no approvals are currently in place. Buyer to perform all due diligence.

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Listing Details

MLS Number

1412346

Lot Size:

6.29 acres

Features

  • Bus
  • Commuter Bus
  • Highway Access
  • Hospital
  • Private School
  • Public School
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Suburban
  • Urban
  • Corner Lot
  • Sidewalks
  • Underground Utilities
  • Wooded
  • Water Amenities: Walk To Water

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Market Trends for Land
in Woonsocket

  • Overview
    Homes for Sale Today9-50% decrease in inventory
    New on Market *2100% increase in new listings
    Avg. Asking Price/Sq.Ft. *$0.00$0 increase in List Price/Sq.Ft.
    Avg. Sale Price *$75,000$24,900 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *100.00%100% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$0.00$0 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *213121 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 Engel & Volkers Oceanside

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