Woonsocket, RI 02895,341 Burnside AVE
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Woonsocket, RI 02895,341 Burnside AVE
Woonsocket, RI 02895,341 Burnside AVE
Woonsocket, RI 02895,341 Burnside AVE
Woonsocket, RI 02895,341 Burnside AVE
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341 Burnside AVE Woonsocket, RI 02895

7,740 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Pending

Purchase Type For Sale

Square Footage 7,740 sqft

Price per Sqft $161

Subdivision Blackstone, Massachusetts/Ri Line

MLS Listing ID 1379516

HOA Y/N No

Abv Grd Liv Area 7,740

Year Built 1900

Annual Tax Amount $11,140

Tax Year 2023

Lot Size 10,890 Sqft

Acres 0.25

Property Sub-Type Commercial

Property Description

This is a chance to own (6) residential units and (1) stand-alone commercial building with a successful family-owned business
that has thrived for decades. Multiple financing options available. Pete's Bait Shop is being sold with a history of success within the fishing community. Inquire for more information on business financials. The (6) residential units each span 1,110 +/- sq. ft, and are currently all rented. Current rents are below market. Proforma rent per unit is conservatively $1,400-1,700 per unit ($100,800-$122,400 annually) with minimal updating needed to obtain these proforma numbers. Not included in our valuation is the 4-bay garage that is large enough for 6 cars, nor does it include income from the existing business. Market rent for the commercial unit is between $2,000-$3,000 per month.

Location

State RI

County Providence

Community Blackstone, Massachusetts/Ri Line

Zoning R4

Rooms

Basement Full

Interior

Heating Gas, Space Heater

Cooling None

Laundry Common Area

Exterior

Community Features Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Sidewalks

Utilities Available Cable Available, Electricity Available, Natural Gas Connected, Sewer Connected

Street Surface Paved

Total Parking Spaces 16

Garage Yes

Building

Story 3

Foundation Brick/Mortar

Sewer Connected, Public Sewer

Water Connected, Public

Level or Stories 3

New Construction No

Others

Tax ID 341BURNSIDEAVWOON

Security Features Smoke Detector(s)


Listed by Smith and Oak Real Estate Co.
agent

Jennifer Cosgrove O'Leary

Broker/Owner | License ID: REB.0019311

+1(401) 269-6015

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341 Burnside AVE