Homes for sale - 0 Fourth AVE, Woonsocket, RI 02895

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Sheena Ruggirello

sheena.ruggirellos@gmail.com +1(860) 222-4734

$449,900

Est. payment - /mo

0.37 Acres Lot

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UPDATED:

01/20/2025 03:42 PM

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Subdivision America First - Fairmount

MLS Listing ID 1372065

HOA Y/N No

Annual Tax Amount $2,079

Tax Year 2023

Lot Size 0.371 Acres

Acres 0.3715

Property 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!

Location

State RI

County Providence

Community America First - Fairmount

Exterior

Exterior Feature Paved Driveway

Community Features Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Street Lights

Utilities Available Electricity Available, Fiber Optic Available, Natural Gas Available, Municipal Utilities, Phone Available, Water Connected

Topography Cleared,Level

Building

Lot Description Corner Lot, Paved, Level

Sewer Sanitary, Storm Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 0FOURTHAVWOON

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Listed by Engel & Volkers

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Sheena Ruggirello

+1(860) 222-4734

Agent | License ID: CN234452

Agent License ID: CN234452

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0 Fourth AVE Woonsocket, RI 02895

Sheena Ruggirello

Key Details

Location

Exterior

Building

Others

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