Woonsocket Middle School

Special Purpose for Sale
Sale Pending
Catylist Listing ID: 30716874
Property Subtypes: School/University
Status: Pending
Building Size (RSF): 212,900 SF
Gross Building Area: See Agent
Gross Land Area: 2.98 Acres
Sale Price: $900,000
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 5/17/2022

Overview / Comments

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 212900.0 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; or social services 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

Attached is a facility floor plan used by the City in its RFP.

The building is on the National Historic Register (application attached).

A Hazardous Building Materials Assessment and abatement cost estimate was conducted by Fuss & O’Neill in 2013. Document attached here. Abatement costs will have risen since the cost estimate was developed due to inflation.

Phase I (ESA) and Phase II (SIR) Brownfields assessments were conducted in 2011 and 2013. I’ve attached the documents here.

357 Park Pl is in the City’s Historic Structure’s Floating Overlay District. The purpose of this district is to provide relief from zoning requirements that are challenging to meet when redeveloping a historic structure. The relief granted in past HSFOD projects has been for number of units and parking. You can read about the HSFOD in Section 12.7 of the Zoning Ordinance.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Tax ID/APN: WO D4-27-113
Number of Stories: 4
Year Built: 1915
Zoning Description: Subject to Council Approval
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,761 72,114 101,864
Median Age: 35.99 39.03 40.03
Households: 10,106 29,107 40,208

Contact

Photograph of Listing Agent

Michael A Alves

Keller Williams Realty Leading
ECCPN Member
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