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favorite this post Neighborhood Self Storage $485,000 Butler Group/RE/MAX (115 Ricard St Woonsocket, RI) hide this posting unhide

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Great mill building opportunity , right behind Woonsocket High School and next to Voc Tech.' look at aerial, lots of fields around and easy access. Was Neighborhood Self Storage, many units built out, materials on site, needs completion. New EDPM roofing w/ 3 -1/2 " insulation, all down, needs trim work. 7 gas meters, 2 electric meters. New water main. Have quote for new windows attached. Needs $50-100 k invested to complete exterior rehab.
Rental income is currently $100,000+, with 2/3 of bldg vacant (SS not in operation). High Roads alternative school leases 3/4 of 2nd fl, approx 7500', nicely finished, . until 2022 at $75,000 yr. 2500' bal if 2nd fl vacant needs work. Many options for tenant mix, sports, recreation, (paintball, archery, laser tag) storage, distribution, brewery, hydroponics, . Elevators for freight and people.
Additional 10,000' in basement for storage.
(Front building only, different ownership in rear.)
Taxes $13,500
  • do NOT contact me with unsolicited services or offers

post id: 6787516525

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