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308 NW East School Street

Woonsocket, RI 02895
  • $1,795,000
  • STATUS: Active
  • ON SITE: 14 Days
  • MLS #: 1295129
UPDATED: 71 min ago
$1,795,000
  • 0
    BEDS
  • 5.36
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 160,000
    SQFT
  • $11
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1904
County:
Area:

School Ratings & Info

Description

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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© 2021 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Barrows Team Realty | Keller Williams Realty Leading Edge are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Barrows Team Realty | Keller Williams Realty Leading Edge. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-10-16T22:37:34.72.
www.barrowsteamrealty.com/homes/121973082
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308 NW East School Street Woonsocket, RI 02895

  • Price: $1,795,000
  • Status: Active
  • Updated: 71 min ago
  • MLS #: 1295129
0
Beds
0
Baths
0
½ Baths
5.36
Acres
160,000
SQFT
$11
$/SQFT
1904
Built
Neighborhood:
East School
County:
Providence
Area:
Woonsocket
Property Description
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.
Exterior Features

Construction Materials Masonry Levels Three Or More Parking Total 100

Interior Features

Basement None Basement YN No

Property Features

Business Type IndustrialManufacturingMixedStorageWholesaleFlorist/Nursery Community Features Street Lights Current Use Mixed Use Electric 200+ Amp Service Land Lease YN No Lease Considered YN Yes Operating Expense 0 Possible Use AutomotiveCommercialDevelopmentIndustrialMini-StorageMixed UseOtherRecreationalUnimprovedVacantWarehouse Property Sub Type Commercial Road Frontage Type City Street Road Surface Type AsphaltPaved Security Features Fire Sprinkler System Sewer Connected Tax Annual Amount 21708 Tax Assessed Value 616000 Tax Lot 232627 Tax Year 2020 Utilities Cable AvailableElectricity AvailableNatural Gas ConnectedHigh Speed Internet AvailableMunicipal UtilitiesPhone AvailableWater ConnectedSewer Connected Water Source ConnectedPublic Zoning I1

Listing information © 2021 State-Wide Multiple Listing Service.
Listing provided courtesy of Keller Williams Realty.





© 2021 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Barrows Team Realty | Keller Williams Realty Leading Edge are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Barrows Team Realty | Keller Williams Realty Leading Edge. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-10-16T22:37:34.72.
 
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Barrows Team Realty | Keller Williams Realty Leading Edge
14 Breakneck Hill Road, Suite 101
Lincoln RI, 02865