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575 Main St East Greenwich, RI 02818

Sponsored
For Sale
$1,950,000

Nine-unit income property, historic district.

Description

Added:
Dec 11, 2024
Days on Market:
393
This exceptional mixed-use property, located at 575 Main Street in the heart of East Greenwich, Rhode Island's historic district, presents a compelling investment opportunity. The property consists of two buildings, each with a full basement, encompassing a total of nine units: three renovated residential apartments and six thriving commercial spaces. The residential units comprise two two-bedroom apartments and one one-bedroom apartment, all featuring private entrances, updated interiors, and individually metered electric and gas services. The six commercial units are equally well-appointed, each including a bathroom, air conditioning, individually metered gas and electric, signage opportunities, and private entrances. Built in 1960, the property sits on a substantial 10,715.76 square foot lot and is a three-story structure. The property has been meticulously maintained and boasts numerous recent updates, contributing to its efficient management and strong income stream. Detailed financial statements (P&L) are available upon request. This is a rare opportunity to acquire a well-maintained, income-producing property in a highly desirable location. The property's combination of residential and commercial units provides a diversified income stream and significant potential for future growth. The address is 575 Main Street, East Greenwich, RI 02818.

Property Features for 575 Main St

General Information

Property type
Retail properties

Building Details

Year Built
1960
Buildings
2
Stories
3
Units
9

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
East Greenwich
County
Kent
State
Rhode Island
Longitude
-71.4532091
Latitude
41.6566786

FAQs

What type of property is this?
Retail property - Nine-unit income property, historic district.
Where is this retail property located?
The property is located at 575 Main St East Greenwich, RI.
What is the asking price?
The asking price for this property is $1,950,000.
More about this property
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