0 Fourth Avenue
Woonsocket, RI 02895
- – beds
- – baths
- – sqft
- 16,182 sqft lot
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!
Last checked:
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Last updated Nov 5, 2024
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MLS# 1372065 —
This property is listed in more than one place. See it here.
The Building
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New Construction:false
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Development Status:FinishedLots
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Exterior Features:PavedDriveway
Location
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Latitude:41.998374
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Longitude:-71.527737
The Property
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Property Type:Land
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Lot Features:CornerLot,Paved,Level
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Lot Size Acres:0.3715
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Lot Size Area:16182.0
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Lot Size Square Feet:16182.0
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Lot Size Units:SquareFeet
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Parcel Number:0FOURTHAVWOON
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Zoning Description:Condominium,Multi-Family,Residential
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Topography:Cleared,Level
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Frontage Length:256
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Road Frontage Type:CityStreet
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (401) 244-8355
- Office phone:
- (401) 638-0010
Taxes
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Tax Year:2023
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Tax Annual Amount:2079.0
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Tax Assessed Value:148700
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Tax Lot:13
The Listing
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Virtual Tour URL Unbranded:https://tour.RiLiving.com/0-Fourth-Avenue-Woonsocket-RI-02895
Utilities
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Utilities:ElectricityAvailable,FiberOpticAvailable,NaturalGasAvailable,MunicipalUtilities,PhoneAvailable,WaterConnected
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Sewer:Sanitary,StormSewer
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Water Source:Public
The Community
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Subdivision Name:America First - Fairmount
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Senior Community:false
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Community Features:NearSchools,PublicTransportation,RecreationArea,Restaurant,Shopping,StreetLights
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/1/24
Nov 1, 2024
|
Listed / Active | RIMLS | $595,000 |
