0 Fourth Avenue, Woonsocket, RI 02895
Local realty services provided by:ERA Key Realty Services
Listed by:the dispirito team
Office:engel & volkers
MLS#:1372065
Source:RI_STATEWIDE
Price summary
- Price:$449,900
About this home
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!
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Home facts
- Listing ID #:1372065
- Added:339 day(s) ago
- Updated:October 07, 2025 at 07:41 AM
Structure and exterior
- Lot area:0.37 Acres
Utilities
- Water:Municipal Utilities, Public, Water Connected
- Sewer:Sanitary, Storm Sewer
Finances and disclosures
- Price:$449,900
- Tax amount:$2,079 (2023)
The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than ERA Key Realty Services are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved. Date Last Update: October 7, 2025New listings near 0 Fourth Avenue
- Open Sat, 10:30am to 12pmNew
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