Description
Attention investors and developers! 85 Fairmount Street presents a rare opportunity to acquire a versatile 3-acre property in Woonsocket, RI. This mixed-use lot bordering Blackstone River includes an abandoned 7,500+ sq ft building (excluding basement) with significant redevelopment potential ideal for office space, apartments, or commercial use. A key income-producing feature of this property is its long-term lease with a bus company, generating approximately $9,100 per month ($110,000 annually) offering immediate cash flow while planning future development. Located in a strategic area with easy access to major roadways, this property offers high visibility and flexible usage options. Whether you're looking for a redevelopment project or a stable income-generating asset, this property has immense potential.
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0BEDS
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3ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Attention investors and developers! 85 Fairmount Street presents a rare opportunity to acquire a versatile 3-acre property in Woonsocket, RI. This mixed-use lot bordering Blackstone River includes an abandoned 7,500+ sq ft building (excluding basement) with significant redevelopment potential ideal for office space, apartments, or commercial use. A key income-producing feature of this property is its long-term lease with a bus company, generating approximately $9,100 per month ($110,000 annually) offering immediate cash flow while planning future development. Located in a strategic area with easy access to major roadways, this property offers high visibility and flexible usage options. Whether you're looking for a redevelopment project or a stable income-generating asset, this property has immense potential.
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