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$ 545,000
Est. payment | /mo
0.37 Acres Lot
$ 545,000
Est. payment | /mo
0.37 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73308761
HOA Y/N false
Annual Tax Amount $2,162
Tax Year 2024
Lot Size 0.370 Acres
Acres 0.37
Property Description
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!
Location
State RI
County Providence
Zoning R4
Direction GPS
Exterior
Community Features Public Transportation, Shopping, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, Sidewalks
Building
Lot Description Corner Lot, Cleared, Gentle Sloping, Sidewalks
Sewer At Street
Water At Street
Others
Senior Community false
Listed by Engel & Volkers East Greenwich
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "