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Overview

  • Updated On:
  • February 11, 2026
  • 1 ac
  • Property Lot Size

256 Privilege Street, Woonsocket, Land

$ 479,900
256 Privilege Street, Woonsocket

Description

Exceptional opportunity to acquire a fully entitled residential development in Woonsocket, RI: Mill River Townhouses at 256 Privilege Street (R-4 High Density Residential). Municipal and regulatory groundwork is already complete.

The project was previously approved for a 12-unit residential townhouse development with parking, utilities, and engineered stormwater infrastructure. The City issued Final Plan Approval and Findings of Fact confirming zoning compliance, no significant environmental impacts, and adequate municipal water/sewer capacity.

The development also received dimensional variance approval from the Woonsocket Zoning Board of Review for the full 12-unit scope.

RIDEM Freshwater Wetlands Permit approval is secured, including authorization for stormwater discharge under the RIPDES Construction General Permit, with stamped plans and defined terms in place.

Supporting municipal reviews include DPW utility sign-off (drainage acceptability) and Water Division requirements (hydrant placement, backflow devices, meter compatibility).

The previously approved plan set identifies Mill River Townhouses as Assessor’s Map 21, Lot 214.

This offering provides a major head start for a qualified builder or investor seeking a high-density infill project with entitlements substantially complete. Full development package available upon request.

Property Id: 940055
Price: $ 479,900
Property Lot Size: 1 ac
Inclusions: Entitlement work is substantially complete for the approved 12-unit Mill River Townhouses project, including City Final Plan Approval, dimensional variance, and an issued RIDEM Freshwater Wetlands Permit with stamped plans on file. Buyer should be a qualified developer comfortable with urban infill execution near a river corridor. Remaining items are primarily technical and administrative, not zoning-based. Municipal utility reviews are complete, with typical final coordination items noted (hydrant placement, backflow devices, meter compatibility, and sewer appurtenances). RIDEM approval is in place; successor sponsor will assume compliance with permit conditions, stormwater BMP implementation, and long-term maintenance requirements. Project advanced through permitting but paused due to sponsor timing/capital considerations, not municipal opposition. Full due diligence package available upon request.
Community Features: Bus, Commuter Bus, Hospital, Public School, Recreational Facilities, Restaurants, Schools, Shopping
Number Of Lots: 1
MLS Listing #: 1404452
Living Area Units: Square Feet
Lot Features: Urban
Lot Size SQFT: 48352
MLS Status: Active
Possible Use: Condominium, Multi-Family, Residential Development
State: RI
Street Name: Privilege
Street Number: 256
StreetNumberNumeric: 256
Street Suffix: Street
Structure Type: Total Residential Development
Annual Taxes: 2562
Topography: Level, Open
Utilities: Electricity Connected, Fiber Optic, Gas, Municipal Water, Sanitary Sewers, Street Lights, Phone Connected, Electricity Available, Natural Gas Available, Muncipal Water, Sewer Available
View: Water, Freshwater View
Water Source: Available, Municipal
Waterfront Features: Waterfront, Flood Insurance, Freshwater View, River, Walk to Fresh Water, Walk To Water
Zoning Description: Condominium, Multi-Family, Residential

Address: 256 Privilege Street
State/County:
Zip: 02895
Country: US

Other Features
Electrical Utility Available
Has Waterfront

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$ 2,840.33
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 2,240.45

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DISCLAIMER TEXT: 256 Privilege Street | 940055 : IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2024 State-Wide Multiple Listing Service. All rights reserved.

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