About This Home
This 0-bedroom, 0-bathroom commercial at 617 Elm Street in Woonsocket, RI is listed for $399,900 ($56 per sqft). Built in 1930, the home offers 7,156 sqft of living space on a 0.14 acres lot.
Key Features
- Built in 1930
- 0.14 acre lot
- 2 stories
- 8 parking spaces
Property Details
617 Elm Street isn't a turnkey listing - it's a blueprint. The former Tardif Furniture building brings 7,156 sq. ft. across two solid 1930-built stories, sitting on a 6,139 sq. ft. MU-1 parcel just off the Elm Street/Hebert Avenue corner. As-of-right, the zoning already supports a retail storefront with one apartment above.
Do the math on the lot, though, and the real story emerges: with Woonsocket's Zoning and Planning Board's approval, this site has the footprint to support retail plus three additional apartments - a four-unit mixed-use building in a state actively incentivizing exactly this kind of conversion, from parking relief to density bonuses for infill housing.
The price reflects the building's need for repairs and updating, which is precisely why this deal pencils for the right buyer: you're not paying for a finished product; you're paying for a rare in-town parcel with a clear path to significantly higher density. This is a property for an investor who can look at a vacant furniture store and see four units of rent roll. Serious inquiries only.
Monthly Cost Estimate
$2,139/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
617 Elm Street
Woonsocket, RI 02895
Eastside
Features & Amenities
Interior Features
Property Details
Construction
Heating
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 617 Elm Street is listed at $399,900 ($56/sqft). The estimated monthly payment is $2,139 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1930, 0.14 acre lot, 2 stories, 8 parking spaces. Interior Features: Ceiling Height (9 to 12 Ft).
This property is listed by Gregory Smith and can be reached at 4014396964.