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120 Spring St
Woonsocket, RI 02895

Childcare Opportunity · Specialty Property For Sale · 15,969 SF

INVESTMENT HIGHLIGHTS

  • Vacant former school constructed in the 1960s with 15,696 square feet positioned on 1.52 acres in Woonsocket, Rhode Island.
  • Strategically developed in a densely populated residential neighborhood, minutes to downtown and easily accessible to RI-146, RI-99, and I-295.
  • Excellent opportunity for an investor to realize value through lease-up or reposition the property or for an owner-operator to occupy the space.
  • The property has undergone approximately $350,000 in CapEx, creating a great head start on renovations for a new owner.
  • The area highlights strong demographics with 92,556 residents, 30,570 daytime employees, and 2,803 businesses within a five-mile radius.
  • The average household income is $109,059 within a 10-mile radius, and consumers spend nearly $272 million annually on education and daycare alone.

PROPERTY FACTS

Property Type Specialty
Property Subtype School
Building Class C
Lot Size 1.52 AC
Building Size 15,969 SF
No. Stories 2
Year Built 1964
Parking Ratio 3.5/1,000 SF

AMENITIES

  • Bus Line

PROPERTY TAXES

ZONING

Zoning Code R3 (Residential Zoning District)
  • Listing ID: 24580606

  • Date on Market: 12/1/2021

  • Last Updated:

  • Address: 120 Spring St, Woonsocket, RI 02895