Description
Rare opportunity to secure a well-positioned development site in northern Rhode Island with strong upside and flexibility for today’s market. Exceptional development opportunity at 413 Manville Road in Woonsocket, RI. This 6.29-acre parcel, zoned R4, is positioned for a large-scale residential community with conceptual plans supporting approximately 48 condominium units, with no affordable housing requirement, allowing for full market-rate development.
Preliminary engineering and site planning have been completed, offering a strong foundation for a developer to move forward. The site features flexible design potential, allowing for a mix of two- and three-bedroom condominium units to meet current market demand.
Woonsocket currently has no active new-construction condominium inventory, creating a rare opportunity to introduce new product into an undersupplied market with strong demand from both Rhode Island and nearby Massachusetts buyers.
Located minutes from Routes 146, 99, and I-295, offering excellent accessibility for commuters. Surrounding new-construction activity supports strong pricing across multiple product types. Development package, market data, and projected pricing guidance available upon request.
Conceptual plans only; no approvals in place. Buyer to perform all due diligence.
- Principal and Interest
- Property Tax
- HOA fee