Woonsocket, SD Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Woonsocket, South Dakota Market population: 41K. Browse multifamily, office, retail, industrial, and mixed-use investment...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Woonsocket RI Properties: 1.4500%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Woonsocket RI
Common questions from investors exploring commercial real estate in Woonsocket RI.
What is the overall investment potential of Woonsocket, RI, considering its demographic and economic factors?
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The city's median household income of $36,058, combined with a poverty rate of 22.4% and a high health insurance coverage of 91.7%, suggests a relatively stable market with opportunities for investment, particularly in the public administration and finance sectors, which are among the top industries in the area.
How does the ethnic diversity and commute time in Woonsocket, RI impact the demand for housing and rental properties?
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The city's diverse population, with top ethnicities including White, White Non-Hispanic, and Hispanic, along with an average commute time of 24.4 minutes and a high rate of driving alone, indicates a strong demand for convenient and affordable housing options, making it an attractive location for real estate investors.
What are the key factors to consider when evaluating the quality of life in Woonsocket, RI, and its potential impact on property values?
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The city's high health insurance coverage rate of 91.7%, relatively low average commute time of 24.4 minutes, and median property value of $181,900, suggest a decent quality of life, which can contribute to stable property values and attract potential buyers or renters, particularly in areas with easy access to public administration and finance hubs.
How does the employment market and income inequality in Woonsocket, RI affect the local real estate market?
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The employed population of 17,144 and a GINI coefficient of 0.469 indicate a relatively stable employment market, but with some income inequality, which may impact the affordability of housing for certain segments of the population, making it essential for investors to consider these factors when evaluating potential rental yields and property appreciation.
What role do foreign-born residents and top industries play in shaping the real estate investment landscape in Woonsocket, RI?
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The city's foreign-born rate of 23.1% and top industries, including public administration, finance, and information, suggest a diverse and potentially growing population, which can drive demand for housing and rental properties, particularly in areas with easy access to these industries, making it an attractive location for real estate investors looking to capitalize on these trends.
Woonsocket RI Real Estate & City Facts
Key facts and real estate information about Woonsocket RI.
What are some of the best neighborhoods to live in Woonsocket?
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Some of the best neighborhoods to live in Woonsocket include Nursery Ave, Bernon District, Globe District, East Woonsocket, and North End. Each of these neighborhoods has its own unique character and appeal, with Nursery Ave being ranked as one of the most desirable areas to live in the city. Additionally, eastern Woonsocket is known for being beautiful, and the areas near North Smithfield are also considered nice.
What are some fun things to do in Woonsocket?
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There are plenty of fun things to do in Woonsocket, including visiting the St. Ann Arts and Cultural Center, the Stadium Theatre Performing Arts Centre & Conservatory, and the Museum of Work & Culture. You can also explore the city's parks and outdoor spaces, such as the baseball and softball fields, or take a stroll along the walking trails. If you're looking for something unique, be sure to check out the Precious Blood Cemetery or grab a bite to eat at one of the many restaurants in the area, like Chelo's Hometown Bar & Grille or Chan's Fine Oriental Dining.
What is the food scene like in Woonsocket?
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The food scene in Woonsocket is diverse and exciting, with a range of restaurants serving everything from traditional American cuisine to international flavors. Some popular spots include Chelo's Hometown Bar & Grille, Toyo Steak House, and Chan's Fine Oriental Dining. There are also plenty of great food trucks and cafes to grab a quick bite or coffee. If you're looking for something new to try, be sure to check out some of the highly-rated restaurants on Yelp or TripAdvisor, such as Lucky Dog Tavern or River Falls Restaurant.
What are the pros and cons of living in Woonsocket?
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Living in Woonsocket has its pros and cons. On the plus side, the city has a rich history and culture, with plenty of opportunities to get involved in the community. The cost of living is also relatively low compared to other cities in Rhode Island. However, some areas of the city can be rough around the edges, and there may be limited job opportunities in certain fields. Additionally, the city's economy has faced challenges in the past, which can impact the quality of life for residents. Overall, it's essential to weigh the pros and cons carefully and consider what's most important to you when deciding whether to live in Woonsocket.
Is Woonsocket a good place to live?
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Whether or not Woonsocket is a good place to live depends on your individual priorities and preferences. If you're looking for a city with a strong sense of community and a rich history, Woonsocket may be a great fit. The city also has a relatively low cost of living and plenty of outdoor spaces to enjoy. However, if you're concerned about job opportunities or the economy, you may want to consider other options. Ultimately, it's crucial to do your research and visit the city in person to get a feel for whether Woonsocket is the right place for you.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Woonsocket RI Commercial Property: $36,058
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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