505 Old Riv Rd Old Riv Rd Lincoln, RI 02838

Property Details for 505 Old Riv Rd Old Riv Rd

Year built

1982

Property type

Mixed-use properties

Property subtype

Land

Description

This exceptional mixed-use property, situated on a generous 16,117 square foot lot in Lincoln, Rhode Island, presents a compelling investment opportunity. The building, constructed in 1982, features two distinct units: a commercial space on the first level and a residential apartment on the second. The first floor, encompassing a largely open layout, previously served as a retail space for produce. The second floor offers a one-bedroom residential apartment, providing additional income potential or versatile living space. A significant advantage is the presence of a 960-square-foot greenhouse, adding unique possibilities for expansion or specialized uses. The property also includes a full walk-out basement, ideal for storage and utilities, along with a convenient half-bath. Ample parking is available on the site. The location offers excellent accessibility, with quick access to both Interstate 295 and Route 146, ensuring convenient transportation links. This property's versatility and prime location make it an attractive prospect for a wide range of buyers, offering significant potential for future development and returns. The asking price is $419,900. This is a rare opportunity to acquire a well-situated mixed-use property in a thriving Rhode Island community.