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786 Providence St
Woonsocket, RI 02895
Retail Property For Sale
Investment Highlights
- Corner lot retail center with strong daily traffic and superior visibility.
- Offers 74 parking spaces to accommodate heavy customer flow and tenant needs.
- Recent capital improvements include brand-new siding, windows, electrical system, and roof.
- Approximately one-acre parcel featuring dual curb cuts for easy ingress and egress.
- Second floor provides approximately 5,000 SF of space for conversion or expansion flexibility.
- Located at a high-traffic signalized intersection, minutes from major highways and a robust retail cluster.
Executive Summary
This retail shopping center offers a rare investment opportunity in Northern Rhode Island’s active commercial corridor. Strategically located on a highly visible corner lot along Providence Street, the 15,534 SF property consists of five street-level retail units, complemented by 5,000 SF of vacant upper-floor space suitable for conversion to residential or office use. Recent upgrades—including new siding, windows, electrical system, and roof—enhance value and reduce capital expenditure risk for investors.
Positioned at a busy four-way signalized intersection, the center benefits from dual curb cuts and extensive street frontage, ensuring strong traffic counts and customer access. The 1-acre parcel with 74 parking spaces serves current tenants such as a laundromat, nail salon, and restaurant, generating stable income and offering upside through redevelopment of the second floor. With convenient connectivity to Routes 99, 146, and 295, plus proximity to Massachusetts business hubs, this property combines location strength with future growth potential.
Positioned at a busy four-way signalized intersection, the center benefits from dual curb cuts and extensive street frontage, ensuring strong traffic counts and customer access. The 1-acre parcel with 74 parking spaces serves current tenants such as a laundromat, nail salon, and restaurant, generating stable income and offering upside through redevelopment of the second floor. With convenient connectivity to Routes 99, 146, and 295, plus proximity to Massachusetts business hubs, this property combines location strength with future growth potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
15,534 SF
Building Class
C
Year Built
1975
Price
$2,100,000
Price Per SF
$135.19
Cap Rate
5.07%
NOI
$106,470
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
0.38
Lot Size
0.94 AC
Zoning
C1
Parking
65 Spaces (3.45 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Property Manager on Site
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | WOON-000011E-000180-000002 | Improvements Assessment | $600,500 |
| Land Assessment | $193,900 | Total Assessment | $794,400 |
Property Taxes
Parcel Number
WOON-000011E-000180-000002
Land Assessment
$193,900
Improvements Assessment
$600,500
Total Assessment
$794,400
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