For Sale
$1,950,000

575 Main StEast Greenwich, RI 02818

Nine-unit income property, historic district.

Overview

Added:
Dec 11, 2024
Days on market:
114
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 Details for 575 Main St

Property type
Retail properties, Mixed-use properties
Year Built
1960
Buildings
2
Stories
3
Units
9

Location Insight

City
East Greenwich
County
Kent
State
Rhode Island
Latitude
41.6566786
Longitude
-71.4532091
575 Main St, East Greenwich, Rhode Island

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575 Main St
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