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81 Allen Street Woonsocket

$349,000
0 9,435 sq ft

The Property

Amazing 1890’s mill converted into a lounge/tavern offering the look and feel of an authentic mill. The sanded brick walls with high wood ceilings are viewed within the entire establishment, hardwood flooring in the main areas, has the capacity of 99 patrons, full kitchen, fully fire coded, all equipment to transfer with sale. Establishment is currently closed, and new owner would need to take care of obtaining/reinstating all licenses to operate as a lounge/bar business. If the bar business is not for you, there are still options for the investor: there are 2 more floors above the bar that have new windows, bricks and wood ceilings have been sand blasted, dry sprinkler system in place, with the right city approvals, it could be transformed into amazing residential units.

The property does require TLC and a few corrections needed to satisfy the city prior to opening any business. Currently there is one unit on the second floor which is being used as the owners unit. Has been a long time establishment in the city, and could be the new hot spot to go to…. This is an Estate sale with no disclosures and being sold in as is condition.

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Listing Details

MLS Number

1282597

Lot Size:

0.22 acres

Features

  • Basement: Full
  • Restrooms
  • Sprinklers
  • Laundry
  • Type: Bar/Tavern/Lounge
  • Year Built: 1890

Market Trends for Commercial Properties
in Woonsocket

  • Overview
    Homes for Sale Today33-81% decrease in inventory
    New on Market *620% increase in new listings
    Avg. Asking Price/Sq.Ft. *$173.40$87 increase in List Price/Sq.Ft.
    Avg. Sale Price *$340,500$233,250 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *94.38%10.4% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$76.94$25 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *10648 decrease 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?

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

Listed by United Properties/Davida Ltd.

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