285 Main

About 285 Main

Cushman & Wakefield’s Multifamily Advisory Group, in collaboration with Ten-X, is pleased to present the opportunity to acquire 285 Main Street, a 19-unit, mixed use building, located in the heart of Downtown – Woonsocket, Rhode Island. The property boasts 10 oversized (2 bed / 1 bath) apartment units located on the 2nd floor of the building and 9 commercial suites spanning the first floor and lower level. The asset offers investors the opportunity to acquire an extremely well maintained, cash flowing asset, with significantly below market, in-place rents and tremendous “value-add” potential.

The property benefits greatly from its strategic location, along the Rhode Island/Massachusetts border, which provides residents immediate access to employment drivers and transportation options located in both States. The property offers tenants convenient access to major thoroughfares such as, I-495, I-295, and I-95, providing great accessibility for residents needing access to surrounding destinations throughout Rhode Island, as well as nearby employment, retail, dining, and entertainment attractions in Massachusetts.

Since acquiring the property, current ownership has invested significantly in the asset, including installation of a new roof, repaving of the parking lot, complete façade replacement, and various unit and system upgrades. Currently 100% leased, the asset sits on 0.62 AC across two parcels, and offers 40 striped parking spaces in the rear of the property.

285 Main Street is available on an “as-is, where-is” basis and is being offered without a formal asking price. Property due diligence materials are available to qualified buyers upon execution of a confidentiality agreement. Tour dates will be made known to registered buyers prior to the auction deadline. Please visit www. Ten-X.com to sign the confidentiality agreement, download the due diligence materials, and register for the auction.