617 Elm Street, Woonsocket, RI 02895

Property Description

617 Elm Street isn't a turnkey listing it's a blueprint. The former Tardif Furniture building brings 7,156 sq. ft. across two solid 1930-built stories, sitting on a 6,139 sq. ft. MU-1 parcel just off the Elm Street/Hebert Avenue corner. As-of-right, the zoning already supports a retail storefront with one apartment above. Do the math on the lot, though, and the real story emerges: with Woonsocket's Zoning and Planning Board's approval, this site has the footprint to support retail plus three additional apartments a four-unit mixed-use building in a state actively incentivizing exactly this kind of conversion, from parking relief to density bonuses for infill housing. The price reflects the building's need for repairs and updating, which is precisely why this deal pencils for the right buyer: you're not paying for a finished product; you're paying for a rare in-town parcel with a clear path to significantly higher density. This is a property for an investor who can look at a vacant furniture store and see four units of rent roll. Serious inquiries only.