0 4th Ave
$449,900
0.37
Acres
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$449,900
0.37
Acres
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Property Description
EASY APPROVALS - PRIME INVESTMENT & DEVELOPMENT OPPORTUNITY!!! In the heart of Woonsocket, this vacant lot, currently utilized as half of a parking area, is ready for transformation into a 15-unit, 1-bedroom apartment or condominium complex. This lot is proportioned to accommodate 15 parking spaces, ensuring convenience for future residents. Located right next to the newly developed America First Luxury Apartments with an impressive avg rent of $2,100 per unit. The surrounding community is thriving, with access to major highways, incl Route 146 and I-295, offering quick connections to both Providence, RI & Worcester, MA. Woonsocket’s proximity to the MA border makes it an ideal location for attracting tenants who work in both RI and MA. The area offers a variety of shopping, dining & recreational options, making it an ideal choice for residents. Seize this chance to build in a rapidly growing community with strong rental demand. This property is a blank canvas ready for your vision!
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Highlights
- Property Class: Land
- Status: Active
- Property Type: Residential
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Additional Details
- Lot Features: Corner Lot, Cleared, Gentle Sloping, Sidewalks
- Road Frontage Type: Public, City Street
- Number of Lots: 1
- Zoning: R4
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Amenities
- Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, Sidewalks
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Utilities
- Electric: At Street
- Water Source: At Street
- Sewer: At Street
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Fees / Taxes
- Assessed Value: $148,700
- Taxes: $2,162
- Tax Year: 2024
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Content © 2025 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Engel & Volkers East Greenwich.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.