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Downtown Bristol Retail/Office Opportunity

423 Hope #21U, Bristol, RI 02809

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For Sale

$649,900

1,526 SF unit in historic downtown Bristol, Rhode Island.

Type:Commercial

Property size:

1,926 SF

Price / SF:

$337/SF

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.
Includes ADA‑compliant bathroom and a 400 SF basement for storage/rubbish.
Proximity to waterfront, parks (Colt State Park), Roger Williams University, and downtown amenities.
Abundant street parking and town parking available.

We can help!

Listing Contact

Kelley Collins

Learn more

For Sale

$649,900

1,526 SF unit in historic downtown Bristol, Rhode Island.

Type:Commercial

Property size:

1,926 SF

Price / SF:

$337/SF

Added:: Apr 23, 2026
Days on Market:: 51
Last Refresh:: Apr 23 at 10:39 am

Property Features for 423 Hope #21U

General Information

Standard status: Active
Size: 1,926 SF
Property subtype: Commercial

Building Details

Year Built: 1880

We can help!

Listing Contact

Kelley Collins

Listing agent Kelley Collins

Listing office Collins Commercial Real Estate, LLC

Listing date Apr 23, 2026

Source Alliancepartnersre

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

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.
Includes ADA‑compliant bathroom and a 400 SF basement for storage/rubbish.
Proximity to waterfront, parks (Colt State Park), Roger Williams University, and downtown amenities.
Abundant street parking and town parking available.

Overview

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.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$52.0k	$27.00
− Vacancy	−$8.1k	−$4.19
EGI	$43.9k	$22.81
− OpEx	−$11.0k	−$5.70
NOI	$33.0k	$17.11

1,926 SF · lease $27.00/SF/yr · vacancy 15.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$470.8K

$412.0K – $549.3K (±1% cap)

NOI $32,956 @ 7.0% cap · market cap 5.07%

Second Best

Retail

$409.6K

$358.4K – $477.9K (±1% cap)

NOI $28,673 @ 7.0% cap · market cap 4.41%

Theoretical Best

Office A

$644.4K

$563.8K – $751.8K (±1% cap)

NOI $45,105 @ 7.0% cap · market cap 6.94%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

RE/MAX River's Edge Real Estate Agency Belvedere at Bristol Condominium Complex Bristol Art Gallery Art Gallery Kyle Walker, REALTOR Real Estate Agency Jordan Ross, Realtor Real Estate Agency

Suggested Use

Similar Places Nearby

Coastal Blooms Floral Studio — 500 Wood St #205, Bristol, RI 02809
Bette's Finishing Touch — 572 Wood St, Bristol, RI 02809

Location Insight

Map
Local Demand

City: Bristol
County: Bristol
State: Rhode Island
Longitude: -71.2764857
Latitude: 41.6696813

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For sale
Storefront properties
RI
Bristol
02809
423 Hope #21U

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.