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352 Park Ave
Woonsocket, RI 02895

Office Property For Sale

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Investment Highlights

Turnkey office building
Plenty of parking

Brick exterior

Executive Summary

Very well-maintained, professional. 3-level office building constructed in 1989 located on Park Avenue in Woonsocket. This attractive brick building is close to highway access and offers plenty of parking (25 spaces) with two curb cuts. The middle and upper levels are currently occupied by World Insurance Agency and on lease through December 31, 2025. The lower level is currently vacant and in move-in condition. All 5,052sq' of space on three levels has been remodeled over the past 6 years and is in excellent condition. A/C units were replaced 5 years ago, air ducts were cleaned in March 2024. This property features a central station fire alarm and security cameras. This is a fantastic opportunity to invest or to grow/expand your business into.

PROPERTY FACTS

Sale Type

Investment or Owner User

Property Type

Office

Property Subtype

Medical

Building Size

5,052 SF

Building Class

Year Built/Renovated

1989/2020

Price

$750,000

Price Per SF

$148

Percent Leased

100%

Tenancy

Multiple

Building Height

3 Stories

Typical Floor Size

1,800 SF

Building FAR

0.22

Lot Size

0.52 AC

Zoning

Parking

25 Spaces (4.95 Spaces per 1,000 SF Leased)

PROPERTY TAXES

Parcel Number	WOON-000015F-000113-000018	Improvements Assessment	$303,000
Land Assessment	$88,300	Total Assessment	$391,300

PROPERTY TAXES

Parcel Number

WOON-000015F-000113-000018

Land Assessment

$88,300

Improvements Assessment

$303,000

Total Assessment

$391,300

Learn More About Investing in Office Space

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Listing ID: 33617316
Date on Market: 10/23/2024
Last Updated:
Address: 352 Park Ave, Woonsocket, RI 02895

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