295 Main St - Former YMCA / Redevelopment Opportunity 33,298 SF Specialty Building Offered For Sale in Woonsocket, RI 02895



INVESTMENT HIGHLIGHTS
- Potential for Similar Health Club Use, Residential or Adaptive Reuse
- 3,200 SF Pool
- Riverfront Acreage Included
- Annual Taxes = $45,667.37
EXECUTIVE SUMMARY
295 Main Street consists of a 17,264 SF, masonry building that was most recently the home of the Woonsocket YMCA and formerly served as Woonsocket's main post office until 1975. The building contains a 3,200 SF pool, a 1,064 SF finished second floor, various gym, aerobic and fitness spaces; and consists of three parcels, totaling 0.64 acres, with an onsite parking area accessed off of Federal Street behind the building. A cat walk connects the Main Street building to the YMCA's 43 Federal Street building (described below).
43 Federal Street consists of a two and three-story, 16,034 SF, brick building formerly utilized by the YMCA for school/classroom space. 43 Federal Street is made up of three parcels, totaling 0.47 acres. A basketball court/playground area is located on the property behind the building along Clinton Street and could be converted to an on-site parking lot. The historical character of these buildings and proximity to amenities and transportation options present a unique opportunity for a buyer with a similar or adaptive reuse.
An additional parcel of land, consisting of 1.19 riverfront acres, is also included in the sale and has been most recently used as a community garden. A flood control easement and associated dike run through the property. The parcel's proximity to the Blackstone River lends itself to a use similar in nature to the most recent community garden or similar outdoor space.
43 Federal Street consists of a two and three-story, 16,034 SF, brick building formerly utilized by the YMCA for school/classroom space. 43 Federal Street is made up of three parcels, totaling 0.47 acres. A basketball court/playground area is located on the property behind the building along Clinton Street and could be converted to an on-site parking lot. The historical character of these buildings and proximity to amenities and transportation options present a unique opportunity for a buyer with a similar or adaptive reuse.
An additional parcel of land, consisting of 1.19 riverfront acres, is also included in the sale and has been most recently used as a community garden. A flood control easement and associated dike run through the property. The parcel's proximity to the Blackstone River lends itself to a use similar in nature to the most recent community garden or similar outdoor space.
PROPERTY FACTS
Sale Type | Investment or Owner User |
Property Type | Specialty |
Building Class | C |
Lot Size | 2.30 AC |
Building Size | 33,298 SF |
No. Stories | 3 |
Year Built | 1900 |
Parking Ratio | 0.45/1,000 SF |
Opportunity Zone |
Yes |
Zoning | C-1/ Downtown Overlay - Zoned C-1 (Urban Commercial District) Downtown Overlay District Allowing Additional Permitted Uses Zoned C-2 (Major Commercial District) - Clinton St |
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Walk Score®
Very Walkable (88)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $891,500 | |
Land Assessment | $70,000 | Total Assessment | $961,500 |