0 4th Ave Woonsocket, RI 02895
Fairmount NeighborhoodEstimated payment $2,679/month
Highlights
- 0.37 Acre Lot
- Recreation Facilities
- Shops
- Corner Lot
- Public Transportation
About This Lot
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!
Property Details
Property Type
- Land
Est. Annual Taxes
- $2,079
Lot Details
- 0.37 Acre Lot
- Corner Lot
- Paved or Partially Paved Lot
- Level Lot
- Finished Lot(s)
- Property is zoned Condominium,Multi-Family,Residential
Parking
- Driveway
Utilities
- Fiber Optics Available
- Phone Available
Listing and Financial Details
- Tax Lot 13
- Assessor Parcel Number 0FOURTHAVWOON
Community Details
Overview
- America First Fairmount Subdivision
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Recreation Facilities
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/06/2025 02/06/25 | Sold | $100,000 | -77.8% | -- |
| 01/23/2025 01/23/25 | Pending | -- | -- | -- |
| 01/20/2025 01/20/25 | Price Changed | $449,900 | +295.9% | -- |
| 01/14/2025 01/14/25 | For Sale | $113,653 | -79.3% | -- |
| 12/25/2024 12/25/24 | Price Changed | $550,000 | +0.9% | -- |
| 12/02/2024 12/02/24 | Price Changed | $545,000 | -8.4% | -- |
| 11/01/2024 11/01/24 | For Sale | $595,000 | -- | -- |
Source: State-Wide MLS
MLS Number: 1372065
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