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Presented by
Mayra Otalora |
53 Coe Street, Woonsocket, RI, 02895 | $750,000
INVESTORS TAKE NOTICE! Exceptional opportunity to own a solid brick and concrete commercial building offering over 10, 000 square feet of finished space with endless possibilities. Previously operated as a long-term transitional housing facility for women experiencing homelessness, the property is thoughtfully configured with 28 individual rooms, making it well-suited for a variety of potential uses, including congregate care, micro-apartments, apartment or condominium conversion, etc. Each floor features an additional large common room that was previously used as a library, along with a bathroom. Some individual rooms also include private bathrooms, providing added flexibility for future use. The lower level offers a large kitchen and a spacious community room, creating even more functional space for a wide range of applications. Recent updates include two new Navien hot water heaters and replacement windows. The property also offers onsite parking and a flexible layout ready for its next chapter. This remarkable property presents a rare investment opportunity with exceptional potential. Bring your vision and explore the endless possibilities.
Buyer and buyer's agent to perform their own due diligence, including but not limited to zoning, permitted uses, measurements, and all other information deemed material to the purchase, and shall rely solely on the results thereof.
Features
- Property Type: Commercial
- Permitted Use: Development,Industrial,Investment,Medical/Dental,Multi-Family,Mini Storage,Mixed Use,Office,Other,Residential,Recreational,Retail,Subdivision,Subdevelopment
- Construction: Brick
- Utilities: Sewer Connected
- Parking: 20-car
- Amenities: Highway Access,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping
- Laundry: Common Area,Laundry Room
- Year Built: 1954
- Est. Taxes: $17,183
- MLS#: 1418371
- Website: https://www.raveis.com
/prop/1418371/53coestreet_woonsocket_ri?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Mayra OtaloraSales Associate
203.579.4296
Mayra.Otalora@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Jorge L RiveraVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 12303
203.913.1633
Jorge.Rivera@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeInsurance Sales Director, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
53 Coe Street, Woonsocket, RI, 02895
$750,000
Mayra Otalora
Sales Associate
William Raveis Real Estate
Phone: 203.579.4296
Mayra.Otalora@raveis.com
Jorge L Rivera
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.913.1633
Jorge.Rivera@Raveis.com
NMLS Mortgage Loan Originator ID 12303
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $600,000 | $600,000 | $600,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.750% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.902% | 6.098% |
| Monthly Tax Payment | $1,432 | $1,432 | $1,432 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,694 | $3,892 | $5,023 |
| Total Monthly Payment | $5,218 | $5,416 | $6,547 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB