Downtown Bristol Retail/Office
423 Hope #21U Bristol, RI 02809
For Sale
$649,900
Pending
1,526 SF unit in historic downtown Bristol, Rhode Island.
Property Size1,926 SF
Days on Market96
Property Features for 423 Hope #21U
General Information
Standard status
Pending
Size
1,926 SF
Property subtype
Commercial
Building Details
Year Built
1880
Listing Agency:
Collins Commercial Real Estate, LLC
(508) 676-8500
Listed By:
Kelley Collins · License #REB.0014979
(508) 676-8500
Source:
Alliancepartnersre
Added: Apr 23
Changed: Jul 10
Last Checked: Jul 23 at 7:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Collins Commercial Real Estate, LLC
Investment Insights
Based on property information with market context.
This 1,526 square foot first-floor unit presents an opportunity to establish a new business or relocate an existing office, retail, or service business in historic downtown Bristol, Rhode Island. The space features hardwood flooring, lighting, and a custom built-in island. A back room was previously used as a kitchen. The unit includes an ADA-compliant bathroom and a 400 square foot basement area for storage. The property offers highway access and visibility in downtown Bristol, near the waterfront, marinas, waterfront parks, Colt State Park, and Roger Williams University. The area is known for its Fourth of July Parade and Celebration, fine dining, pubs, art galleries, and offices. Street parking and town parking are available off Court Street. The property is suitable for retail or office use.
Key Highlights
- Prime location in historic downtown Bristol, RI with excellent highway access and visibility.
- Versatile 1,526 SF first‑floor unit suitable for office, retail, or service business.
- Features include hardwood flooring, beautiful lighting, and a custom built‑in island.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.8k | $22.20 |
| − Vacancy | −$1.8k | −$0.93 |
| EGI | $41.0k | $21.27 |
| − OpEx | −$12.3k | −$6.38 |
| NOI | $28.7k | $14.89 |
1,926 SF · lease $22.20/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$409.6K
$358.4K – $477.9K
NOI $28,673 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$644.4K
$563.8K – $751.8K
NOI $45,105 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Coastal Blooms Floral Studio — 500 Wood St #205, Bristol, RI 02809
- Bette's Finishing Touch — 572 Wood St, Bristol, RI 02809
Frequently Asked Questions
What type of property is this?
Storefront property - 1,526 SF unit in historic downtown Bristol, Rhode Island.
Where is this storefront property located?
The property is located at 423 Hope #21U Bristol, RI.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Prime location in historic downtown Bristol, RI with excellent highway access and visibility.; Versatile 1,526 SF first‑floor unit suitable for office, retail, or service business.; Features include hardwood flooring, beautiful lighting, and a custom built‑in island.
