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