Engel & Volkers
Listed by Engel & Volkers
$1,490,000
413 Manville Road
Details
APN 413MANVILLERDWOON
Property Type Multifamily, Land
Sub Type Apartment Building, Residential
Units 1
Acreage 6.290
Multifamily | 1 Unit
Marketing description
100+ unit development potential in northern Rhode Island. 413 Manville Road in Woonsocket, RI offers 6.29 acres zoned R4, with preliminary engineering completed by a reputable local firm indicating the potential for a 100+ unit residential development, subject to approvals and buyer due diligence.
For developers seeking an alternate lower-density concept, preliminary plans have also been prepared for an approximately 48 to 52-unit condominium community, offering flexibility in density, unit mix, design, and overall project direction. The site offers flexibility for multiple exit strategies, including a for-sale condominium development or a build-to-rent community designed for long-term rental income.
Woonsocket currently has limited to no active new-construction condominium inventory, creating a rare opportunity to introduce new product into an undersupplied market with demand from both Rhode Island and nearby Massachusetts buyers. Located minutes from Routes 146, 99, and I-295, the property offers strong commuter access and is positioned near continued residential growth and new-construction activity.
Development package, preliminary engineering, conceptual plans, market data, and projected pricing guidance are available upon request. Conceptual plans only; no approvals are currently in place. Buyer to perform all due diligence.
Listing Contacts
Engel & Volkers
Listed by Engel & Volkers
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