Skip To Content
    Return to Previous Page

    308 NW East School Street

    Woonsocket, RI 02895
    • $1,795,000
    • STATUS: Active
    • ON SITE: 7 days
    • MLS #: 1270360
    UPDATED: 61 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.

    Monthly Payment Calculator





    © 2020 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 Onshore Realtors 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 Onshore Realtors. 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: 2020-11-26T12:37:27.947.
    www.onshorerealtors.com/homes/112006951
    Print Image

    308 NW East School Street Woonsocket, RI 02895

    • Price: $1,795,000
    • Status: Active
    • Updated: 61 min ago
    • MLS #: 1270360
    0
    Beds
    0
    Baths
    0
    ½ Baths
    5.36
    Acres
    160,000
    SQFT
    $11
    $/SQFT
    1904
    Built
    Neighborhood:
    North End
    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 Parking Total 100

    Interior Features

    Basement None Basement YN No

    Property Features

    Business Type Florist/NurseryMixedWholesale Community Features Street Lights Current Use Industrial Electric 200+ Amp Service Gross Income 394300 Land Lease YN No Lease Considered YN Yes Operating Expense 39550 Owner Pays ElectricityExterior MaintenanceInsuranceManagementParking FeeRepairsRoof MaintenanceSnow RemovalSewerTaxesWater Possible Use AutomotiveCommercialDevelopmentIndustrialMini-StorageMixed UseOtherRecreationalUnimprovedVacantWarehouse Property Sub Type Industrial Road Frontage Type City Street Road Surface Type AsphaltPaved Security Features Fire Sprinkler System Sewer Connected Tax Annual Amount 27000 Tax Assessed Value 616000 Tax Lot 232627 Tax Year 2020 Utilities Cable AvailableElectricity AvailableNatural Gas ConnectedHigh Speed Internet AvailableMunicipal UtilitiesPhone AvailableWater Connected Water Source Connected Zoning I1

    Listing information © 2020 State-Wide Multiple Listing Service.
    Listing provided courtesy of Keller Williams Realty.





    © 2020 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 Onshore Realtors 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 Onshore Realtors. 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: 2020-11-26T12:37:27.947.
     
    https://bt-photos.global.ssl.fastly.net/rhodeisland/orig_boomver_1_1270360-2.jpg https://bt-photos.global.ssl.fastly.net/rhodeisland/orig_boomver_1_1270360-2.jpg https://bt-photos.global.ssl.fastly.net/rhodeisland/orig_boomver_1_1270360-2.jpg
    Logo
    Onshore Realtors
    57 Shore Rd, Suite B
    Westerly RI, 02891