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575 Main Street

East Greenwich, RI 02818
  • $1,950,000
  • STATUS: Active
  • ON SITE: 51 Days
  • MLS #: 1371097
UPDATED: 29 min ago
$1,950,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,900
    SQFT
  • $219
    $/SQFT
Type:
Commercial
Built:
1960
County:

School Ratings & Info

Description

Situated in the heart of the historic district of downtown East Greenwich, 575-591 Main St & 5-7 Friendship St offer a prime investment opportunity. This property encompasses two buildings with full basements, featuring 9 units: 3 renovated apartments and 6 thriving commercial spaces. The residential units include two 2-bed apartments and one 1-bed apartment, all with private entrances, updated interiors, individually metered electric and gas. Each commercial space boasts a bathroom, AC, individual metered gas and electric, signage, and private entrances. The property has been well-maintained with numerous updates to ensure efficient management. This income-producing property is an exceptional find in a sought-after location. P&L provided upon request. Contact today for a private tour.

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[Rhode Island Statewide MLS] logo

© 2024 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than John Krekorian | RE/MAX Flagship are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or John Krekorian | RE/MAX Flagship. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-12-08T19:37:30.817.
www.krekorianteam.com/homes/156844775
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575 Main Street East Greenwich, RI 02818

  • Price: $1,950,000
  • Status: Active
  • On Site: 51 Days
  • Updated: 29 min ago
  • MLS #: 1371097
0
Beds
0
Baths
0
½ Baths
0.25
Acres
8,900
SQFT
$219
$/SQFT
1960
Built
County:
Kent
Area:
East Greenwich
Property Description
Situated in the heart of the historic district of downtown East Greenwich, 575-591 Main St & 5-7 Friendship St offer a prime investment opportunity. This property encompasses two buildings with full basements, featuring 9 units: 3 renovated apartments and 6 thriving commercial spaces. The residential units include two 2-bed apartments and one 1-bed apartment, all with private entrances, updated interiors, individually metered electric and gas. Each commercial space boasts a bathroom, AC, individual metered gas and electric, signage, and private entrances. The property has been well-maintained with numerous updates to ensure efficient management. This income-producing property is an exceptional find in a sought-after location. P&L provided upon request. Contact today for a private tour.
Exterior Features

Construction Materials Brick Foundation Details Combination Frontage Length 110 Levels Three Or More Parking Total 8

Interior Features

Basement Full Basement YN Yes Cooling Central Air1 Unit Cooling YN Yes Furnished Unfurnished Heating Baseboard Forced Air Gas Heating YN Yes

Property Features

Business Type Mixed Retail Community Features Near Schools Restaurant Development Status Subdivided Human Modified YN No Land Lease YN No New Construction YN No Possible Use Multi- Family Mixed Use Residential Retail Property Sub Type Commercial Security Features Carbon Monoxide Detector(s) Fire Alarm Fire Escape Smoke Detector(s) Security Lights Sewer Connected Public Sewer Structure Type Apartment Multi Family Tax Annual Amount 22164 Tax Assessed Value 1123600 Tax Lot 082 Tax Year 2024 Utilities Natural Gas Connected Municipal Utilities Water Connected Sewer Connected Water Source Connected Public

[Rhode Island Statewide MLS] logo Listing information © 2024 State-Wide Multiple Listing Service.
Listing provided courtesy of Residential Properties Ltd.: .



[Rhode Island Statewide MLS] logo

© 2024 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than John Krekorian | RE/MAX Flagship are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or John Krekorian | RE/MAX Flagship. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-12-08T19:37:30.817.
 
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John Krekorian | RE/MAX Flagship
140 Point Judith Road #23
Narragansett RI, 02882