Active

85 Fairmount Street

Woonsocket RI, 02895

$2,500,000


Active

Commercial

Built in 1889

Attention investors and developers! 85 Fairmount Street presents a rare opportunity to acquire a versatile 3-acre property in Woonsocket, RI. This mixed-use lot bordering Blackstone River includes an abandoned 7,500+ sq ft building (excluding basement) with significant redevelopment potential ideal for office space, apartments, or commercial use. A key income-producing feature of this property is its long-term lease with a bus company, generating approximately $9,100 per month ($110,000 annually) offering immediate cash flow while planning future development. Located in a strategic area with easy access to major roadways, this property offers high visibility and flexible usage options. Whether you're looking for a redevelopment project or a stable income-generating asset, this property has immense potential.

1378104

MLS ID

February 13, 2025

Listed

February 24, 2025

Updated

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Cooling Description

None


Heating

No


Basement

Yes

Exterior/Building Features

Lot Size

3 Acres

Other Property Details

Taxes

$18,408


Tax Frequency

Annually


Days on Market

10


Garage

No


Parking Total

100


View

No


County

Providence


Utilities

Sewer Available, Water Available


Zoning

I2

 

Courtesy of RE/MAX Results

The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS, Inc. Real estate listings held by brokerage firms other than Libby Kirwin Real Estate are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.

©2025 State-Wide MLS, Inc. All rights reserved.

Data last updated 6:10 AM UTC, 2/24/2025.

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