0 Fourth Avenue, Woonsocket, Land

$ 595,000
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Overview

  • Updated On:
  • November 1, 2024

Description

EASY APPROVALS & DEVELOPMENT OPPORTUNITY!!! Prime investment opportunity in the heart of Woonsocket! This vacant lot, currently utilized as a parking area, is ready for transformation into a lucrative 15-unit, 1-bedroom apartment or condominium complex. The lot is perfectly proportioned to accommodate 15 parking spaces, ensuring convenience for future residents. Located right next to the newly developed America First Luxury Apartments, which has already leased several of its 32 units at an impressive average rent of $2,100 per unit, this site presents a golden opportunity to tap into a proven and flourishing rental market. Capitalize on the neighboring developer’s hard work and leverage this prime spot in an up-and-coming area. The surrounding community is thriving, with seamless access to major highways, including Route 146 and I-295, offering quick connections to both Providence, RI, and Worcester, MA, as well as the broader region. Woonsocket’s proximity to the Massachusetts border makes it an ideal location for attracting tenants who work in both Rhode Island and Massachusetts. The area offers a variety of shopping, dining, and recreational options, making it an appealing choice for residents. Investors and developers seize this chance to build in a rapidly growing community with strong rental demand. This property is a blank canvas ready for your vision—don’t miss out on this exceptional development potential!

Address: 0 Fourth Avenue
State/County:
Zip: 02895
Country: US
Open In Google Maps
Property Id : 486908
Price: $ 595,000
Property Lot Size: 0 ft2
Bridge Modification Timestamp: 2024-11-01T17:20:24.783Z
Business Type: Residential
Community Features: Bus,Commuter Bus,Public School,Recreational Facilities,Restaurants,Schools,Shopping
Contract Status Change Date: 2024-11-01
List Agent Direct Phone: 401-244-8355
List Agent Email: kaycee.oares@evrealestate.com
List Agent Full Name: The DiSpirito Team
Listing Contract Date: 2024-11-01
Listing Id: 1372065
Living Area Units: Square Feet
Lot Features: Gravel,Suburban,Corner Lot,Paved Driveway,Paved
Lot Size Area: 16182
Lot Size Square Feet: 16182
Lot Size Units: Square Feet
Mls Status: Active
Modification Timestamp: 2024-11-01T17:16:04.237Z
Number of Lots: 1
Original Entry Timestamp: 2024-11-01T16:51:37.173Z
Original List Price: 595000
Pasture Area: 10
Road Frontage Type: Municipal
Road Surface Type: Black Tar
State or Province: RI
Status Change Timestamp: 2024-11-01T16:51:37.173Z
Street Name: Fourth
Street Number: 0
Street Suffix: Avenue
Structure Type: Total Residential Development
Tax Annual Amount: 2079
Tax Year: 2023
Topography: Level,Open
Utilities: Electricity Connected,Fiber Optic,Gas Available,Municipal Water,Sanitary Sewers,Storm Sewer,Street Lights,Phone Connected,Electricity Available,Natural Gas Available,Muncipal Water,Sewer Available
Water Source: Municipal,Public
Wooded Area: 0
Zoning Description: Condominium,Multi-Family,Residential
Other Features
Electrical Utility Available
Open Parking
$ 2,306.93
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 2,306.93

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Alyse Antone Smyth, Esq.