Price Reduced 7.14%
Price History
$1,399,900
3/7/2025
$1,299,900
4/4/2025
341 Burnside Avenue, Woonsocket, RI, 02895
1900
This is a chance to own (6) residential units and (1) stand-alone commercial building with a successful family-owned business that has thrived for decades. Multiple financing options available. Pete's Bait Shop is being sold with a history of success within the fishing community. Inquire for more information on business financials. The (6) residential units each span 1,110 +/- sq. ft, and are currently all rented. Current rents are below market. Proforma rent per unit is conservatively $1,400-1,700 per unit ($100,800-$122,400 annually) with minimal updating needed to obtain these proforma numbers. Not included in our valuation is the 4-bay garage that is large enough for 6 cars, nor does it include income from the existing business. Market rent for the commercial unit is between $2,000-$3,000 per month.
Status:
Active
Type:
Commercial
Laundry Remarks:
Common Area
Units:
7
Zoning:
R4
Complex:
Blackstone, Massachusetts/RI Line
Heating:
Gas, Space Heater
Cooling:
None
Basement:
Full
Parking:
16-car
Acreage:
0.25
Est. Taxes:
$11,140
Assessment
$412,900
Permitted Use
Mixed Use
Utilities
Cable Available,Electricity Available,Natural Gas Connected,Sewer Connected
Amenities:
Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Sidewalks
Days on Market:
28
MLS #:
1379516
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Smith and Oak Real Estate Co. Phone: 401-464-2617