0 Fourth AV, Woonsocket, RI 02895
$750,000 | Vacant Land | Residential | MLS # 1366806
RARE 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!
| Location | |
|---|---|
| City | Woonsocket |
| Historic | None |
| Near | Bus, Commuter Bus, Public School, Recreational Facilities, Restaurants, Schools, Shopping |
| Interior | |
|---|---|
| Living Area | 0 Sq.Ft. |
| Furnished | No |
| Exterior | |
|---|---|
| Lot Description | Corner, Paved Driveway, Paved Lot |
| Acreage | 1.2600 |
| Additional Information | |
|---|---|
| Assessment | $148,700 |
| Assessor Lot | 13 |
| Assessor Plat | 3 |
| Occupancy Close | 1-45 Days, 46-90 Days, Immediate, Negotiable |
| Water Supply | Municipal, Public |
Listing Office: Engel & Volkers
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. Information is deemed reliable but is not guaranteed. © 2016 State-Wide Multiple Listing Service. All rights reserved.
Information is deemed reliable but is not guaranteed
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. Information is deemed reliable but is not guaranteed. ©2025 State-Wide Multiple Listing Service. All rights reserved.
