Woonsocket, RI 02895,308 NW East School ST
Woonsocket, RI 02895,308 NW East School ST
Woonsocket, RI 02895,308 NW East School ST
Woonsocket, RI 02895,308 NW East School ST
Woonsocket, RI 02895,308 NW East School ST
Woonsocket, RI 02895,308 NW East School ST
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$1,571,441

$1,795,000

12.5%
Est.Price: ?

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Est. payment /mo

160,000 SqFt


SOLD DATE : 11/08/2024

Key Details

Sold Price $1,571,441

Property Type Commercial

Sub Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 160,000 sqft

Price per Sqft $9

Subdivision East School

MLS Listing ID 1295129

Sold Date 11/08/24

Maintenance Fees $39,550

HOA Y/N No

Abv Grd Liv Area 160,000

Year Built 1904

Annual Tax Amount $21,708

Tax Year 2020

Lot Size 5.360 Acres

Acres 5.36

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.

Location

State RI

County Providence

Community East School

Zoning I1

Rooms

Basement None

Exterior

Community Features Street Lights

Utilities Available Cable Available, Electricity Available, Fiber Optic Available, Natural Gas Connected, Municipal Utilities, Phone Available, Water Connected, Sewer Connected

Street Surface Asphalt,Paved

Total Parking Spaces 100

Building

Story 3

Sewer Connected

Water Connected, Public

Level or Stories 3

Structure Type Masonry

New Construction No

Others

Tax ID 308292EASTSCHOOLSTWOON

Security Features Fire Sprinkler System

Financing Cash

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Listed by Keller Williams Coastal
Bought with Next Move Realty Inc
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Helping real estate be fast, fun and stress-free!

+1(401) 903-0688

mallonrealtor@gmail.com

386 Market St, Warren, RI, 02885, USA

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