786 Providence St - Retail FOR SALE


Woonsocket, RI 02895
$2,100,000 USD
401-751-3200
786 Providence St, Woonsocket, RI for Sale
$2,100,000 USD
Retail - FOR SALE
1/6
null | 5.07% Cap Rate

786 Providence St
Woonsocket, RI 02895


HIGHLIGHTS

  • Corner lot retail center with strong daily traffic and superior visibility.
  • Approximately one-acre parcel featuring dual curb cuts for easy ingress and egress.
  • Offers 74 parking spaces to accommodate heavy customer flow and tenant needs.
  • Second floor provides approximately 5,000 SF of space for conversion or expansion flexibility.
  • Recent capital improvements include brand-new siding, windows, electrical system, and roof.
  • Located at a high-traffic signalized intersection, minutes from major highways and a robust retail cluster.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$135 USD /SF

CAP RATE

5.07%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

C1

APN/PARCEL ID

WOON-000011E-000180-000002

ASK ABOUT THIS PROPERTY

Dan FeinerMG Commercial Real EstateMore Info
401-751-3200

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Dan FeinerMG Commercial Real EstateMore Info
401-751-3200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.