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Residential or Mixed Use Development in Northern Rhode Island

Property Overview

Price/Rent PSF $ 900,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available Inquire
Date Available 04/07/2021
Additional URL Link
Building size 212900
Additional parameters Show
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Description

Location
The City of Woonsocket invites Developers, Builders, Investors and Real Estate Agents to participate in this solicitation of proposals for the purchase and subsequent redevelopment of the former Woonsocket Middle School located at 357 Park Place (Map D4, Lot 27-113) consisting of 2.98 acres. The four (4) separate, but attached buildings are being studied and considered for placement on the National Register of Historic Places. The buildings contain approximately 212,900 sq. ft. The former Middle School was vacated in January 2010.



Priority will be given to proposals wherein at least 50% of the existing building square footage in the complex is proposed to be retained. The complex consists of a series of historic structures /additions. Special attention must be given to retention of existing architectural continuity and historic design features.



2.) The suggested re-use of the property is for commercial/residential or mixed-use with upscale market priced residential; continuing care retirement facilities [nursing home/assisted living/end care];



office/research purposes; and related public uses; including related market price residential-re-uses such as live/work units which include individual work spaces; colleges or universities. The City of Woonsocket, at 16%, exceeds the required percentage of low-moderate housing required by the State of Rhode Island. Consideration will be given to uses that result in ongoing, sustainable employment opportunities in connection with the use of the property. Certain proposed uses will likely require a zoning change, which the City may consider at a later date.



3.) New construction in part or total may also be permitted, provided it is sympathetic to the historic character of the buildings.



ASSESSOR CARD:


https://data.nereval.com/PropertyDetail.aspx?town=Woonsocket&accountnumber=10218&card=1



Additional Videos


Rooftop - https://youtu.be/s2kJWppJDT8


External Walk around - https://youtu.be/GA5j5gfLVco


Internal 1 - https://youtu.be/wxWHZqLJlT8


Internal 2- https://youtu.be/kvIRF6fDhh8




Sale
The City of Woonsocket invites Developers, Builders, Investors and Real Estate Agents to participate in this solicitation of proposals for the purchase and subsequent redevelopment of the former Woonsocket Middle School located at 357 Park Place (Map D4, Lot 27-113) consisting of 2.98 acres. The four (4) separate, but attached buildings are being studied and considered for placement on the National Register of Historic Places. The buildings contain approximately 212,900 sq. ft. The former Middle School was vacated in January 2010.

Location

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